Redeia

Companies, Relevant News Item 10th September 2025

S&P could downgrade Redeia’s rating within three to six months depending on remuneration framework and planned investments

Link Securities | Credit rating agency S&P maintains uncertainty regarding Redeia’s credit rating and states that there is a 50% chance of downgrading its rating within three to six months, according to elEconomista.es. The outcome will depend on three key factors: the final design of the National Commission for Markets and Competition’s remuneration framework, the schedule and volume of investments defined in the next Transmission Network Development Plan 2026-2031, and…

Companies, Ibex 3rd September 2025

Redeia: poised for upside after EPS downgrades due to disappointing regulatory proposal; recommendation raised to Overweight

Morgan Stanley | Our analyst Arthur Sitbon changes Redeia’s recommendation to OW, seeing the shares poised for a rebound after discounting regulatory and blackout risks. He notes that its underperformance has been partly due to negative EPS revisions following a disappointing regulatory proposal, which now sets a floor for expectations, although he does not expect major changes in his base case scenario. He identifies an earnings inflection point in 2025,…

In Spain 31st July 2025

CNMC announces remuneration proposal for 2026-2031 regulatory period: Redeia’s revenues would grow to €1.858 billion

Bankinter | The CNMC (National Markets and Competition Commission) has published its remuneration proposal for Redeia’s electricity transmission network business for the next regulatory period 2026-2031. The proposed financial remuneration rate is 6.46% (against 5.58% previously) and includes significant investments in the network for this period. As a result, Redeia’s regulated income would grow from €1.217 billion forecast for 2025 to €1.858 billion in 2031, representing an average annual growth…

Relevant News Item 1st July 2025

Redeia president says Red Eléctrica to make record investments in new strategic plan

Link Securities | Beatriz Corredor, president of Redeia (RED), which is holding its General Shareholders’ Meeting on Monday, announced in an interview with Expansión newspaper that the holding company that owns Red Eléctrica will make record investments in a new strategic plan and that the electricity system will emerge stronger after the blackout. The newspaper notes that Corredor, two months after the blackout, criticised the role of the electricity companies,…

In Spain 22nd June 2025

Redeia blames power companies for blackout

Bankinter | Redeia presented a report on Wednesday with its view of the causes of the blackout. Redeia chairwoman Beatriz Corredor justified the presentation of the report on the grounds of the company’s ‘legal obligation’ to produce such a document whenever a significant event occurs. The report points to a lack of energy absorption in the system, which caused a power surge. Absorption is a mechanism that allows some power…

Relevant News Item 9th June 2025

Electricity system costs increase by 59.4% in May due to security measures taken by Redeia

Alphavalue/DIVACONS | Electricity system costs increased by 59.4% in May compared to April due to measures taken by Red Eléctrica de España (Redeia) (REE) to reinforce security of supply following the 28 April blackout caused by the collapse of the peninsular system, according to data from Grupo ASE. The consultancy’s analysts point out that Red Eléctrica has been operating “with extreme caution” since the incident, resorting to fossil synchronous technologies…

In Spain 9th December 2024

Redeia commits to marine energies and eyes taking over country’s marine substation network

Link Securities | The company wants to become the monopoly of the marine electricity network, according to the newspaper elEconomista.es. Redeia is looking for new business niches to strengthen the company’s growth and has set its sights on the development of marine energy, mainly wind power. According to several industry sources consulted by this newspaper, the system operator has already shown the Government its interest in taking charge of the…

Companies, Spanish economy 3rd March 2023

Redeia: Spain and France to pay extra cost of Bay of Biscay interconnection

Norbolsa : Both countries reached an agreement yesterday to share the cost overruns in the construction of the Bay of Biscay electricity connection line, finally reaching €2.85 billion. In 2017, the cost was estimated at €1.75 billion, but has now risen to the figure indicated above. At that time, it was also agreed that Spain would pay 62.5% of this amount, while France would pay the remaining 37.5%. This distribution…

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