Spanish Minister of Ecological Transition Teresa Ribera said that the government is about to finalize an agreement with the CNMC that would grant the agency control over regulation of electricity tolls, a point of high tension between Spain and the European Union.
“The powers will lay with the regulator, with whom we are about to finalize an agreement in this regard, and we will send this to the Assembly as a reform of the Electricity Sector Law,” the minister said.
The position of the previous government, which reserved the right to set the value of electric tolls, led the European Commission to open a procedure against Spain in 2016. The conflict has not been resolved since, making it available to be taken up by the Court of Justice of the EU, which could lead to significant fines for the country.
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