Joint analysis of the Portuguese and Spanish NECP for 2021-2030

Abstract

The European Union (EU) energy strategy towards decarbonization led EU countries to elaborate their corresponding National Energy and Climate Plans (NECP) for the period 2021 to 2030. This paper analyzes the Portuguese and Spanish NECPs concerning to its power systems. CEVESA, a model for the long-term planning and operation of the Iberian electricity system, is used. The analysis is based on simulating the reference NECP scenario, as well as other alternative scenarios with different solar and wind generation shares, CO2 prices and fuel costs. Results provide insights on the MIBEL electricity market evolution under the current decarbonization national strategies.