The CNMC pointed out that, in spite of having 326 companies active in the electricity distribution market, the ones really affected are the five mentioned, since they control 90% of the activity. Representatives of the electricity sector have indicated that the blow that would represent the reduction would be a nuisance, but would not pose a risk to the sector, as it is concentrated in the revenues of the two largest companies, Endesa and Iberdrola. However, the proposed 21% cut in the price of gas has generated greater concerns.
The electricity companies appealed to the CNMC so that when paying for the distribution it would reflect “more adequately the country risk of a regulated activity that can not be geographically diversified, recognizing the fact (sic) that the cost of financing a company that develops its activity in Spain it is not the same as that of a company that develops its activity in Germany or in “the average” of European countries “.
Full Content: La Información
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI