Analysis of the ‘Duck Curve’ in the Spanish Energy Sector
In recent years, the Spanish energy market has experienced a remarkable phenomenon known as the “duck curve”. This term describes the daily electricity load curve, characterized by a sharp drop in demand during the evening hours, followed by a significant increase in demand during the night.
This phenomenon opens up new strategic opportunities for industrial companies seeking to optimize their operating costs, especially in steam generation.
The “duck curve” and its benefits:
The “duck curve” presents a unique variation in electricity prices throughout the day. During off-peak hours, typically in the afternoon, electricity becomes noticeably more affordable due to the oversupply of renewable energy, primarily solar and wind.
This is the key moment that industrial companies can capitalize on to significantly reduce their operating costs associated with steam generation.
Electric boilers: an efficient solution
To take full advantage of the “duck curve”, industrial companies can consider installing electric boilers for steam generation. These boilers offer flexibility in electrical load management by allowing steam operations to be performed during off-peak hours. In addition, modern electric boilers are highly efficient, offering consistent performance and reducing associated emissions.
Significant savings
The implementation of strategically timed electric boilers can translate into substantial savings for industrial companies. By directing steam generation to the times of day when electricity is most affordable, companies can optimize their energy costs and improve profitability.
This approach not only drives operational efficiency but also contributes to sustainability by reducing dependence on non-renewable energy sources.
Strategic considerations
To maximize profits, companies must conduct a detailed analysis of their consumption profile and the specific “duck curve” of the market in which they operate. The implementation of energy management systems and the intelligent integration of steam generation with the availability of electricity at reduced prices are essential to ensure a smooth transition to this strategy.
The “duck curve” offers industrial companies in Spain a unique opportunity to optimize their steam generation operations.
Installing electric boilers and intelligently scheduling steam generation during low price hours can generate significant savings and improve competitiveness in an ever-changing business environment. By embracing this trend, companies not only reduce costs, but also move towards a more sustainable and energy-efficient operation.
Would you like to optimize the energy efficiency of your industry by installing a steam boiler?
Contact Giconmes for a customized solution to suit your specific needs.
