Adaptation to the 15-minute intervals in REE programming.

Question Energy Savings

Have you heard about Red Eléctrica's transition to 15-minute intervals? This change aims to optimize the operation of the electricity system in Spain. But what does it mean and how might it affect you as a consumer?

In this article, we explain what this change consists of, the implementation phases and what it will mean for users.

What is the fourth hour?

Currently, wholesale electricity prices in Spain are calculated on an hourly basis. With the new model, allocations and settlements will be made in 15-minute intervals, also called "quarter hours."

The change will be implemented in two phases:

December 2024: Red Eléctrica (REE) began settling deviations in 15-minute intervals, improving the accuracy of system balancing.
First months of 2025: OMIE is expected to introduce trading at 15-minute intervals in the daily and intraday market, completing the transition.

Objetivos del cambio

The fourth schedule will allow:

Better efficiency: Adjusting supply and demand in shorter periods allows better management of energy resources.
Cost reduction:This level of accuracy reduces expenses associated with balancing the system, promoting a more competitive market.
European integration: Spain aligns with European standards, facilitating more efficient and economical energy exchange.
Promoting sustainability: This measure favors the integration of renewable energies, essential to move towards a greener future.

Overall, this change optimizes the operation of the electricity system and reinforces market stability, benefiting both consumers and the system as a whole.

How does this affect consumers

For most consumers, including Nordy customers, this change will not have a direct impact, especially if they have fixed rates.

However, users with indexed tariffs, whose prices vary depending on the wholesale market, could benefit from more precise adjustments. For example, at times of low demand or high renewable supply, prices could be lower, reflecting more efficient operation of the system.

The transition to the fourth hour is a key advance to improve the efficiency and sustainability of the Spanish electricity system. Although it will not have an immediate impact on electricity bills, but it lays the groundwork for a greener and more optimized system.

If you have questions or need more information, don't hesitate to contact us. At Nordy, we continue to work to guarantee you peace of mind and confidence.

Adaptation to the 15-minute intervals in REE programming.

Objetivos del cambio

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