The National Markets and Competition Commission (CNMC in its acronym in Spanish) is processing a circular so that all energy companies which supply electricity, gas and hydrocarbons meet six ratios which constrain their level of debt and dividends in relations to the volume of assets, cash flow, EBITDA or financial costs.
spain electricity companies
The three big electricity companies with operations in Spain, namely Iberdrola, Gas Natural Fenosa and Endesa, earned 5.627 billion euros in 2017, up 3% from a year earlier.
A report from Deloitte urges Spain’s Energy Minister Álvaro Nadal to change the current model for asset remuneration and go for one similar to that in use in other European countries. The proposal implies an improved remuneration system for companies and, at the same time, forecasts reductions in electricity bills thanks to bigger demand in a more electrified economy.