The electrical system registers a surplus of 179 million as of July

MADRID, 29 Sep. (EUROPA PRESS) -

The electricity system recorded a surplus of 179.1 million euros in the seventh settlement of the year, corresponding to the month of July, according to the National Commission for Markets and Competition (CNMC).

Specifically, total revenue was 8,517.4 million euros in the period, while costs rose to 8,338.3 million. Given that the income has been sufficient to cover all recognized costs, the coverage coefficient -the ratio between the costs that can be paid with the available income and those that should be paid with a charge to provisional settlements- is 100 %. For its part, consumption demand stood at 111,446 gigawatt hours (GWh).

With regard to renewable energy, cogeneration and waste, 63,730 installations have been liquidated. The settlement made during the month of July is accumulated to the previous ones of the 2022 financial year, adding a total in the first seven months of the year of 3,209.6 million euros, before VAT or equivalent tax.

Of the accumulated total, 3,168.8 million euros are paid from the electricity sector, while 40.8 million euros are charged to the General State Budget (PGE) and correspond to 50% of the specific remuneration of facilities located in non-peninsular territories.

The regulator pointed out that, since in July there were no temporary mismatches between income and costs of the electricity system, a coverage ratio of 100% was applied. The amount to be paid on account to producers amounted to 921.5 million euros, before VAT or equivalent tax.

With regard to the gas sector, the total payable income declared in the tenth settlement -which covers the period from October 1, 2021 to July 31, 2022--, has amounted to 2,363 million euros, 3.1 % higher than those declared in the comparable period of the previous year.

The national demand for gas in the year 2022, invoiced until July 31, amounted to 290.5 terawatt hours (TWh), including the demand supplied from satellite plants (1.2 TWh). Additionally, exports of natural gas by gas pipeline were 24.7 TWh, the gas transferred from the regasification plants to ships was 11.2 TWh and the gas loaded in tankers (excluding that destined for satellite plants) was 6.9 TWh. In total, the output energy of the gas system in the settlement period amounted to 333.3 TWh.

In the 2022 financial year, the liquidations of the gas sector have been adjusted to the gas calendar -October 2021 to September 2022--. In addition, independent settlement procedures are used for revenues from trunk transportation, local networks, underground storage, LNG plants and system charges. To make the transition to the new calendar, the year 2021 was a year with only eleven provisional settlements.