Spain: CNMC is alerted over possible damages from energy price cuts

A group of investors and international funds, including shareholders of the largest energy companies in Spain, issued a warning to the Spanish Government and the National Commission of Markets and Competition over plans to cut toll prices in the gas and electricity sector, as proposed by the regulator, as they consider that these would harm the economy.

Investors, including the CVC Capital Partners and Global Infrastructure Partners (GIP) funds, sent a letter to the president of the CNMC and the ministries involved in the decision, expressing concern over the proposed cuts.

The group pointed out that, if the regulatory model proposed by the CNMC is adopted, “these changes will have unforeseen and negative long-term consequences for the sustainability of the Spanish gas sector, they would damage the Spanish economy in general and Spain’s reputation as an investment destination.”
Full Content: El País

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