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Spain: CNMC president warns against ‘petrification’ in energy sector

By  |  February 16, 2016

Jose Maria Marin Quemada, President of Spain’s competition and industry regulator, CNMC, spoke to the press this week, warning about the need for greater evolution in the regulation of the energy sector, as “normative petrification is neither balanced nor efficient.”

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    Mr. Marin emphasized that regulation “must allow the arrival of newcomers, of new ways of doing things hand in hand with new technologies. It must gradually change and adapt.”

    The CNMC’s president referred also to the need for an independent energy regulator and the struggle caused by this concept within Spain’s government. The CNMC has previously accused the Government of removing or limiting many of its previous powers as a regulator, including powers for setting energy rates, which have caused European authorities to investigate and admonish Spain.

    Full content: RTVE

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