Spain: ‘Free’ market overtakes government-controlled prices in energy

Spain’s CNMC has announced this week that there are 12.75 million energy users with consumption under 10KW who are served by a ‘Reference retailer’, entities charged with supplying electricity at prices regulated by the government since 2014.

This marks the first time that the number of users in this category is smaller than those customers (also under 10KW consumption) who have turned to ‘free market’ providers, which for the same period reached 12.9 million users.

The liberalization of the energy market began in 2009. Since then, Spain’s 26 million users have been free to choose between the regulated fees supplied by Spain’s Five largest energy suppliers (Endesa Iberdrola, Fenosa and EDP España) and free market rates.

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