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Leaving the European vitality market wouldn’t be the answer based on specialists

Astronomical payments and a delegated perpetrator. From the Republicans to the Nationwide Rally, through La France insoumise, all level the finger on the European vitality market, accusing it of being liable for the rise in electrical energy payments. Monday, it was Bruno Retailleau, president of the LR group within the Senate, who qualified of “insanity which aligns the value of electrical energy with that of gasoline” and demanded France’s exit from this method. That is additionally what Manuel Bompard, LFI deputy, mentioned on Monday on the microphone of BFMTV. Jordan Bardella has him castigated an “absurd mechanism”, in a textual content printed on Monday, and referred to as to mimic Spain and Portugal, which might have come out of it. Even Bruno Le Maire was circumspect, calling for a decoupling of gasoline and electrical energy costs. The Minister of the Financial system, nevertheless, dominated out any exit from this market.

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What these political figures are pointing to is a part of the European market. Since 1996, it offers a number of measures, equivalent to the top of monopolies, or that the price of the value of electrical energy is aligned with the price of the final plant. It’s this final mechanism that these elected officers denounce.

The final plant refers back to the gasoline plant, which known as final on the wholesale market, after renewable energies and nuclear. On this wholesale market, producers resell to suppliers and enormous customers. Gasoline-fired energy vegetation are referred to as on if the renewable or nuclear provide will not be ample. “The large benefit of the market is that at each second it’s going to choose the most cost effective plant to fulfill a given stage of demand”, summarizes with 20 minutes Boris Solier, head of the Vitality Economics grasp’s diploma on the College of Montpellier.

A “pretty logical” system

“We’re going to name the ability stations so as of accelerating marginal value, explains the researcher. The marginal value is the variable value of manufacturing, ie the gas value. For a gasoline plant, it’s how a lot gasoline I must generate electrical energy and at what value I purchase this gasoline. »

This final energy plant balances provide and demand. “This technique is sort of logical. He sends an incentive to producers, provides the lecturer. As quickly as there’s a producer who can successfully cowl his variable prices when the value of electrical energy is excessive sufficient [en raison de la demande], he produces. If the value of electrical energy is 50 euros and the manufacturing value of a nuclear plant is 30, the plant will produce. If the value falls to 10, it won’t produce, as a result of the demand is simply too low. It’s a system that’s fairly virtuous, as a result of it encourages producers to supply a market value that’s near their manufacturing prices. »

Spain and Portugal have obtained a derogation to develop the European market

Spain and Portugal haven’t left this market, however have obtained a brief derogation, remind 20 minutes Anna Creti, professor of economics at Paris Dauphine-PSL College and member of a assume tank to reform the European vitality market. Spain has thus applied a ceiling on the value of gasoline used for the manufacturing of electrical energy. “They’ve a nationwide value which is a bit of disconnected from the European value insofar as they subsidize their electrical energy producers, remembers Boris Solier. These producers purchase their gasoline on the European market. Once they place their order on the electrical energy market, they take into consideration a gasoline value of 40 euros as an alternative of bearing in mind a value of 170 or 200 euros, which clearly lowers the price of producing electrical energy. electrical energy in Spain. »

If households have seen their payments drop, the impact will not be as important as anticipated, say the researchers. “This measure will not be impartial for the buyer, it should be financed if we would like gasoline at a value decrease than that of the market, underlines Anna Creti. There’s a tax between one and 7 euros per 30 days on the electrical energy invoice. As well as, “many extra Spanish households are at a charge that’s near the wholesale market in comparison with France”, provides Boris Solier.

The state of affairs in France is completely different from that of Spain and Portugal

The state of affairs of Spain and Portugal could be very completely different from that of France, remind these specialists: because of the geographical location of those two nations, their electrical energy networks are much less interconnected with the remainder of Europe. These nations obtain liquefied gasoline, so they’re much less depending on Russian gasoline delivered by pipeline.

May France depart, not less than partially, this European market? Specialists interviewed by 20 minutes hardly take into account it. France is probably the most interconnected nation in Europe, which permits it to import vitality from its neighbors when it wants it and to export it when manufacturing exceeds demand. Traditionally, France is extra of an exporter of electrical energy due to its nuclear fleet, remarks Anna Creti. An exit from this market “dangers exposing it much more to hazards”, summarizes Stefan Aykut, professor of sociology on the College of Hamburg and affiliate researcher on the College of Paris-Est, whereas the reactors of nuclear energy vegetation will not be not returned to their full capability and that France has fallen behind within the improvement of renewable energies.

“We’d like as many various vitality sources as potential”

“Within the present disaster state of affairs, what’s secret’s diversification,” says the specialist. As many various vitality sources as potential are wanted. What the European market and the interconnections enable is moderately to cushion shocks. »

These additionally make it potential to direct costs downwards or not less than to restrict will increase, argues the researcher: “After we look intimately at what prevents costs from hovering much more, it’s as a result of there may be a variety of counterbalancing dangers. For instance, this European market has renewable wind energy capacities. Right now [mercredi 4 janvier], wind energy is working at full capability in Germany, which signifies that a part of the shortage of manufacturing in the meanwhile in France could be compensated by this renewable vitality. While you inject renewables, it lowers costs, as a result of they produce at very low costs. »

The European Fee has initiated discussions on the best way to get out of the emergency measures and develop this European market. On nineteenth December the Vitality Ministers of the 27 Member States agreed to cap gasoline costs. Nonetheless, the extent of this cover is properly above present market costs, that are at the moment falling.

Even when Greece has tabled a proposal to decouple electrical energy costs from the value of gasoline, “for the second it’s tough to envisage what kinds of reforms could be put in place, summarizes Boris Solier. The worth on this market is for the second above all a thermometer: it reveals that now we have a deficit of electrical energy and that manufacturing prices have soared. Nothing has but been determined in Brussels.

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