spain electricity market

The Spanish Ministry of Ecological transition hinders REE and Enagas growth via acquisitions

The Ministry of Ecological Transition Hinders REE And Enagás’ Growth Via Acquisitions

The Ministry for Ecological Transition plans to make changes to the law which will affect Red Eléctrica and Enagás, operators of Spain’s electricity and gas networks, respectively. According to press reports, the two companies, each with a stake of public capital, will be obliged to inform the competition supervisor (CNMC) of any interest they have in acquisitions (now they are not required to do so). The CNMC will not have the right of veto, but it will impose conditions on its approval.