Energy

Did you know?

1. When is the producer paid?

The amount of the invoice will be paid within a maximum period of 7 working days from the date when the CNMC settles the specific remuneration with Fenie Energía. This occurs approximately in the closing days of the second month after the production month. For example, if the production month is January, payment would be made at around the end of March.

2. What happens in the case of an estimated reading? What are resettlements?

If the party responsible for the reading estimated eight measurement for a month and this differs from the real measurement from the meter for subsequent presettlements, the producer would recover its production.

Two months after the production period (m-1), the CNMC performs a second settlement, the Intermediate Provisional Settlement (m-3), and 10 months later after the production period (m) performs the First Final Provisional Settlement (m-11). In addition to these provisional settlements, there is also a final resettlement. Measurements may be claimed prior to this final period.

3. What items does a collector collect payment for?

Royal Decree 413/2014 establishes in Title IV a specific remuneration regime for installations producing electrical energy by means of renewable energies, cogeneration and waste. This remuneration regime comprises:

• A remuneration term for the power rating of the installation, known as the “remuneration for investment” Rinv (€/MW).
• A remuneration term for energy sold, known as the “remuneration for operation” Ro (€/MWh)

In addition to the specific remuneration regime, installations would collect a “market remuneration”, which comprises the hour by hour sale of the output on the market (pool).

4. What are the equivalent hours? What happens when they end?

Equivalent hours produced by an installation are calculated by dividing the energy generated (kWh) by the power rating of the installation (kW).

Order IET/1045/2014 establishes a threshold of equivalent hours below which the producer would not collect the remuneration regime. It in turn establishes a minimum and maximum level of hours.

• If the number of hours in operation is between the threshold and the minimum, the remuneration regime will be penalised by means of a coefficient d.
  d =
  Where:
  Nhinst: number of annual equivalent hours of the installation
  Uf: threshold of hours in operation in a year
  Nhmin: number of minimum annual hours in operation
• If it is between the minimum and the maximum, the remuneration regime will be collected.
• If it is above the maximum, the producer will only collect payment for energy at the market price, and the remuneration for investment.

5. When does the change of representative take place? When the changeover takes place, might I not receive payment for a month?

Market representation for an installation always begins on the first day of a month. Prior periods will always be invoiced by the previous representative, and so he will not be left without payment any month.

6. What is the effect of the variation in the coverage coefficient following a change of reseller?

Application of the coverage coefficient began from 2014 onwards. If you change representative, you will receive two settlements: one from the representative before us, which will continue to perform settlement (with the coverage coefficient for each month those brackets for the months prior to the changeover, and another settlement from us, beginning from the month when you switch to us, up to the end of the year in progress.

7. What is needed to change representative?

We need the following documentation by the 10th of the month to begin representation on the first of the following month:

• Contract signed by the owner of the installation.
• Notarial power of attorney, original or uncertified copy from the notary office, issued by the owner of the installation in favour of Fenie Energía, with capacity for representation in accordance with the template provided by Fenie Energía.
• Scanned invoice for the installation with your former market representative.

8. Who reads the meter?

This could be the Distribution Company for the zone or all the grid operation company Red Eléctrica de España, depending on the rated power of the installation:

• For installations with a rated power below 450 kW, the Distribution Company for the zone will be responsible for the reading.
• Red Eléctrica (REE) is responsible for the reading at installations with the rated power above 450 kW.