Spanish utilities


Spanish regulator wants to control debt and dividends of electricity companies

Spanish Utilities’ Regulator Wants To Control Debt And Dividends

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.


Spanish regulator wants to control debt and dividends of electricity companies

Spanish Utilities Accuse The Government Of Damaging Their Reputation

The majority of the population in Spain put the blame for their excessively high electricity bills exclusively on the electricity companies which, in the end, only get paid a third of the bill for generation. This situation has enraged the companies who are more and more daring in their criticisms of the government – the current and previous ones – for their energy policies.


spain's energy poverty

Spain Agrees To Tackle Energy Poverty With Hardly Any Impact For Utilities

Spain’s main political parties PP, PSOE and Cuidadanos, with the exception of Podemos, have agreed to reform the electricity tariff discount rate, as well prohibit electricity cuts for those consumers considered “very vulnerable.” Analysts at ACF believe it will be important to confirm the final conditions and the net impact for the electricity companies, but a priori they don’t expect this will be significant.



No Picture

Spanish tariff deficit “no longer a source of concern for investors”

MADRID | The Corner | The Spanish Council of Ministers has approved the definitive figure for the 2013 tariff deficit. The figure, €3.54 billion, will be recoverable via the electricity tariff over a period of 15 years. It will be remunerated at 2.195% of interest rate. The measure will have an impact on the main utilities that operate in Spain: EDP (Ba1 p, BB+ e, BBB- e), Enel (Baa2 n, BBB e, BBB+ e), Gas Natural Fenosa (Baa2 e, BBB e, BBB+ e) and Iberdrola (Baa1 n, BBB e, BBB+ e).