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Electricity on Tuesday in Portugal and Spain rose by 35% – Energy



Electricity on Tuesday in Portugal and Spain rose by 35% - Energy

Electricity in Portugal and Spain will rise 35% on Tuesday, to an average price of 365.33 euros per MWh, the highest since March 10, days after the Russian invasion of Ukraine, and the sixth highest ever, according to data. official data.

This increase already takes into account the Iberian mechanism, which came into force on June 15 after the agreement of Portugal and Spain with the European Commission and sets the maximum price for gas used by energy companies for electricity generation (from 40 euros per MWh, despite the fact that in European markets it costs more than 280 euros per MWh for futures contracts).

This “brake” provides that electricity producers are compensated for the difference between the price of gas in the wholesale market and the price determined by the mechanism (adjustment cost), and the cost of this compensation is distributed among all consumers with contracts indexed to in the spot market or with contracts extended after 26 April.

In Spain, the range of consumers who have to pay for this adjustment cost of the mechanism is much larger than in Portugal. This is due to the fact that 40% of families still use the regulated tariff, which is also valid in the wholesale market with monthly updates. In Portugal, the government said that in July only 29% of consumers would pay to adjust the Iberian mechanism.

The average daily price that will be valid this Tuesday in the Iberian market (MIBEL) is 182.93 euros per MWh, to which is added the cost of the adjustment, which is 182.40 euros. The final cost is therefore €365.33, with setup costs accounting for almost half of that amount.

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Despite a 35 percent increase in electricity prices in the Iberian Peninsula on Tuesday, according to the Iberian electricity and gas market operators (OMIE and Mibgas), consumers can pay even more, around 110 euros per MWh (476.77 euros). MWh) if it were not for the Iberian mechanism in place since 15 June.

In addition to rising gas prices, exacerbated by the impact of the war in Ukraine, which began on February 24 with a Russian military invasion, more gas is being used for electricity this year due to a drought that has reduced water supply capacity. stored in dams and can be used for energy production.

According to the latest data from the Spanish government, the storage of water in Spanish reservoirs is 37.9% of the total capacity, the lowest level since 1995.

Between January 1 and August 15, Spanish hydroelectric production was the lowest since 1992 and was half the annual average for those months of the year.

Last year, for example, Spanish hydroelectric power plants generated twice as much energy as this year (22.6 thousand gigawatts per hour compared to 11.4 thousand this year), according to official figures published today by the newspaper El Pais.

Despite an increase in installed capacity to use renewable energy sources to generate electricity (such as solar power), the decline in hydroelectric power has been largely offset by the use of gas in combined cycle power plants.

However, in the past two weeks, Spain’s electricity consumption has been declining both compared to the same period in 2021 and in relation to previous weeks, which coincided with the entry into force of the “urgent” savings measures approved by the Spanish government. Government. .

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In the first week of this “climate shock plan for energy saving and energy efficiency” that ended on August 15, electricity consumption decreased by 3.7% compared to the previous week and by 1.8% compared to the same days in 2021.

According to data released today by the Spanish government, consumption fell 9.5% in the second week compared to the previous seven days and 8.6% compared to last year.

Measures taken in Spain to save energy include a commitment that air conditioning for cooling public, cultural or commercial spaces cannot be below 27 degrees. In addition, shop window lighting must be turned off at 22:00 and the same goes for the lighting of public buildings that are not in use at this time.

These measures were approved as part of an agreement between the countries of the European Union to achieve global energy savings of 15% between August 1 and March 31, 2023, compared to the average over the past five years over the same period, taking into account due to the threat of supply cuts. gas to Europe from Russia.

In the case of Spain, which, like Portugal, is less dependent on Russian gas than other EU countries, the savings are 7%.

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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