Red Eléctrica and RTE allocate the electricity exchange capacity between Spain and France for 2018

Red Eléctrica de España (REE) and Réseau de Transport d’Électricité (RTE), operators of the electricity systems of Spain and France, respectively, have allocated the electricity exchange capacity for 2018. This allocation generates revenues of 76.7 million euros. Half of this revenue, which corresponds to Spain, is earmarked towards reducing the regulated costs of the Spanish electricity system. In the Spain-France direction, 700 megawatts (MW) were offered and allocated, establishing a final price of 2.25 euros/MW, with capacity having been obtained by 14 of the 30 participating agents. In the France-Spain direction, 700 MW were offered and allocated, with a final price of 10.25 euros/MW, with capacity having been obtained by

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The permitting process begins for the electricity interconnection project between Spain and France via the Bay of Biscay

The new 370 km link will be the first submarine interconnection between the two countries Its commissioning is planned for 2025 and it has an approximate budget of 1,750 million euros Red Eléctrica de España and its French counterpart Réseau de Transport d’Électricité have begun the public consultation of the project for the electricity interconnection between Spain and France via the Bay of Biscay, in accordance with European requirements that require a process of public participation in the initial processing stage of trans-European energy infrastructure. The new 370 km long electricity link will strengthen the interconnection capacity between Spain and France, as well as that of the Iberian system with

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The EU will invest 6.2 million euros in electrical interconnections between Spain and France

The European Union will invest 6.2 million euros to carry out a study on electrical interconnections between the French region of Aquitaine and the community of the Basque Country, as announced by the European Commission on Friday. The money will go to an additional study of the project “Gulf of Biscay”, said the Community Executive, which integrates the funding of this initiative within a total program of € 444 million investment in energy infrastructure in the EU as a whole Has received the approval of the Member States. The Vice-President of the EC and European Commissioner for Energy Union, Maros Sefcovic, in a statement stressed the importance of such projects

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