The energy saving obligations for the year 2024 have already been decreed. It's a special year because it's the first one in which Energy Saving Certificates (CAEs) come into play, allowing energy companies to reduce their contributions to the National Energy Efficiency Fund (FNEE).
From now on, energy companies (gas and electricity retailers, wholesale petroleum product operators, and wholesale liquefied petroleum gas operators) have an energy saving obligation of 375 ktep or 4,361.25 GWh of final energy according to the National System of Energy Efficiency Obligations.
The financial equivalence for 2024 is set at 2.121 million euros per ktep saved (2.121 M€/ktep), equivalent to 182,373.17 euros per GWh saved.In total, they must allocate to the National Energy Efficiency Fund a minimum of over 274 million euros if they present CAEs totaling 510 million euros during the year, which is 65% of the total they have to save.Repsol, by far the largest energy seller, is obligated to save nearly 1 TWh across different products (gasoline, butane, gas, and electricity), or equivalently, 179 million euros in contributions without CAEs.
This figure reduces to just over 62 million euros if they contribute 65% through CAEs.Following Repsol is Endesa with around 98 million euros without CAEs, Cepsa (83 million), Naturgy (68 million), Iberdrola (61 million), BP (43 million), and Galp (31 million). In total, these seven companies will cover 71% of the energy savings.
Source: 25/03/2024
Ramón Roca
El Periódico de la Energía