Iberdrola overtakes historical leader Endesa as largest electricity retailer in Spain, with over 10 million contracts

Iberdrola Guggenheim

Link Securities | According to the latest data compiled by the National Markets and Competition Commission (CNMC), Iberdrola is consolidating its position as the largest electricity retailer in Spain by number of customers, taking this position away from Endesa, historically the leading electricity company, according to today’s edition of the Expansión newspaper. Iberdrola managed to remain above ten million contracts with 10,116,303, a market share of 33.33%; while Endesa decreased its electricity customer base to 9,815,543 customers, a share of 32.35%; followed by Naturgy, with 4,396,298 customers, and a market share of 14.49%; and Repsol + CHC obtained 1,880,615 customers, 6.20% of the total market.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.