Frequently asked questions on special regime producers
- What modifications have come about pursuant to the publication of the CNE (Spanish National Energy Commission) Circular 4/2009?
- When did the new payment system come into force?
- What happens if upon implementation of the payment system my representative was IBERDROLA DISTRIBUCIÓN, or if there is no representative for my facility?
- Who made the energy payment before the coming into force of the new system?
- What does "Baldita" stand for?
- What is the Equivalent Premium?
- What agents take part in the payment process?
- What is the representative agent?
- What is the representative agent's role?
- What is the distribution company's role?
- What is the REE's (System Operator) role?
- What is the OMEL's (Market Operator) role?
- What is the CNE's (Spanish National Energy Commission) role?
- When are producers paid?
What modifications have come about pursuant to the publication of the CNE (Spanish National Energy Commission) Circular 4/2009?
Circular 4/2009 lays down the new special regime producer's payment model and the implementation of the procedures to be applied by the agents involved.
The new payment system came into force on 1 November 2009. Since then, payment is processed by the CNE (Spanish National Energy Commission) and made by each facility's representatives.
What happens if upon implementation of the payment system my representative was IBERDROLA DISTRIBUCIÓN, or if there is no representative for my facility?
In both cases, IBERDROLA COMERCIALIZACIÓN DE ÚLTIMO RECURSO, S.A.U. will act as your representative.
Before the coming into force of the new system on 1 November 2009, the distribution company was responsible for paying those producers that had not selected a representative on the free market. Producers that have not selected a representative are represented as of 1 November 2009 by the Last Resort Retailer.
"Balidta" is the Spanish acronym for Base de Liquidación de la Diferencia con la Tarifa Regulada (Payment Basis for the Difference with the Regulated Rate) that the system operator must calculate every month and communicate to the CNE (Spanish National Energy Commission).
This is the amount that the representative agent deposits for the sale of the producer's energy on the market and which must be subtracted from the Regulated Rate in order to obtain the Equivalent Premium.
This is the amount calculated by the CNE (Spanish National Energy Commission) for each producer or CIL (Production Facility Code for Payment Purposes). For solar photovoltaic energy it is calculated by subtracting the "Baldita" from the Regulated Rate.
The following agents are involved in the payment process:
- Representative agent
- Distribution company
- REE (System Operator)
- OMEL (Market Operator)
- CNE (Spanish National Energy Commission)
- Representative agent
Representatives are deemed to be those who act on behalf of a market actor, either in his name (direct representation), or under their own name, (indirect representation). On the daily and intraday electricity production market, along with the common representation, there is a specially qualified representative actor for purely special regime representation. This qualified representative is called the selling agent. In addition to his ordinary representation functions he also holds those powers provided for in Article 28 of Royal Decree 436/2004, dated 12 March.
The representative, the market agent, brings the energy produced at the facilities to the market, integrates the production forecasts of these facilities and manages their payment on the daily OMEL (market operator's) market.
He is also in charge of sending information about the “Baldita” that he has received from the System Operator to the CNE (Spanish National Energy Commission) before the tenth day of the month m+1, broken down for each facility or CIL (Production Facility Code for Payment Purposes) for the following production months: m, m-3 and m-11.
Moreover, he is responsible for paying the amounts received from the REE (System Operator) and CNE, respectively, to the energy producers he represents, incorporating, where appropriate, any deduction for deviations.
The distribution company is the agent that triggers the process, given that it is responsible for reading type 3 and type 5 meters. It must send the hourly measurement (real or estimated) of the net active and reactive energy per facility (“CIL” code) before the eighth day of month m+1. The CNE (Spanish National Energy Commission) will calculate the Equivalent Premium and the Reactive Allowance on the basis of this information.
In addition to being responsible for the reading of type 1 and type 2 equipment, it is in charge of sending the representative and the CNE (Spanish National Energy Commission), before the eighth day of the month m+1, the “Baldita” for the energy production months: m, m-3 and m-11, broken down by representative agent.
It is in charge of matching the production offers received from the representatives on the daily market.
The CNE calculates the equivalent premium and the reactive energy allowance of Special Regime facilities based on the data provided by the agents that take part in the payment process.
It is also responsible for depositing the amount for premiums, bonuses and allowances into representatives' accounts.
Payment close is on the twenty-eighth day of month “m+1”. There are a series of variable deadlines to approve and validate payments, thus these will most likely be made in the second ten day's of month “m+2” (between 10th and 20th). Notwithstanding the foregoing, should the aforementioned payment date be delayed, the maximum term for payment to be made would not exceed thirty-one calendar days from the close of month “m+1”, in accordance with the commitment undertaken by the CNE (Spanish National Energy Commission) pursuant to Circular 4/2009.
This payment (m+1) will correspond to the previous month's production (m). They are referred to as provisional payments because of the fact that not all the facilities have equipment with real reading systems and, in such cases, payment is made on the basis of estimates, and must be reviewed (in payments after the month in question).
Three months after the production period (m), the CNE makes a second payment, the Intermediate Provisional Payment (m+3) and 11 months after the production period (m) the First Final Provisional Payment (m+11) is made.
Subsequent payments can modify the amount of income paid in the provisional payments depending on the real production variation with respect to the estimate made at each one of them.
In order to learn more about the advantages offered by Iberdrola as a Representative Agent you can contact us by telephone at 902 12 13 24, or by e-mail at firstname.lastname@example.org