Spanish regulator CNMC has charged Iberdrola with making an “irregular” use of natural gas in its solar thermal plant in Puertollano, with the intention of charging more than €12 million in subsidies for renewable energy between 2009 and 2011.
The CNMC has found that Iberdrola exceeded the maximum thresholds for the use of gas allowed, and assumes that part of the energy put into the electric grid must have been generated with gas, instead of solar sources.
The CNMC’s resolution obliges Iberdrola to return the amount above and reflects that the Puertollano plant is not the only one in this situation. The demand for a refund of subsidies affected 43 plants between 2010 and 2013.
Full Content: Lanza Digital
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI