Our Services
Movhera contributes to the Energy Transition by producing green and flexible energy. Our conviction is that our services will increase in value, along with the development of renewable energy in Portugal.
Movhera offers two types of services:
We sell and buy electricity on the markets.
We provide ancillary services to REN - Redes Energéticas Nacionais, the electrical network operator that enables it to face variation in load.
Movhera assets are key for the Energy Transition.
Renewable Energy Sources (RES) have to be developed to achieve a carbon-neutral economy and fight against global warming. RES include hydropower, wind and solar energy as well as biomass.
Hydropower plants such as the ones run by Movhera are key in this transition, because they provide decarbonized energy. Our installed 1,7 GW produce about 3,2 TWh per year, which corresponds to the consumption of the households in Porto Metropolitan area.
On top of that, they also provide the necessary flexibility to the system, thus allowing a faster growth and smoother integration of other renewable sources, which are mostly intermittent. In particular, the Foz Tua, Baixo Sabor e Feiticeiro facilities are equipped with pumping capacity (totalizing 450 MW) that allows the reservoir capacity to work as a large-scale battery. When physical constraints create excess of renewable energy in the system, the excess can be used to pump water. This stored energy can be used as an additional backup capacity to satisfy peak demand.
We play an important and increasing role for energy markets.
The power networks will need more and more flexible energy to ensure their balancing. Decommissioning of coal, current phase out of nuclear capacity by 2030 in Spain, associated with the development of renewables (solar PV in Iberia can more than double from 2020 to 2030) increase the need for hydropower as a flexible energy source. These trends translate in increased intraday volatility of electricity prices in Iberia, with low prices during mid-day (high photovoltaic production leading to an excess in production) and high prices during evenings (lower photovoltaic production, together with increased need for lighting).