The reform of the Spanish electricity sector

The reform of the Spanish electricity sector

Fecha: marzo 2014

Autores: Arturo Rojas, Pablo Mañueco, A.F.I.

Etiquetas: Mercado eléctrico, Energías renovables

Spanish and International Economic & Financial Otlook, SEFO, V. 3 N.º 2

The electricity tariff deficit of 2013 is expected to have reached 4.5 billion euros, below the 5.6 billion euros deficit of 2012, mostly due to energy taxes which entered into force on January 1st, 2013. Including the 2013 result, the accumulated debt stock is projected to rise above 30 billion euros. Recent regulatory measures aim to correct this imbalance through a deep cutback in revenues from renewable energies, but not without generating uncertainty over Spain´s investment climate, as well as the need for renegotiation of outstanding debt tied to renewables projects.

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