CNMC

Relevant News Item 27th December 2023

Competition Commission opens proceedings against Repsol for possible abuse of dominant position by offering additional discounts

Link Securities| The Spanish National Markets and Competition Commission (CNMC) has just opened a disciplinary case against Repsol (REP) for offering additional discounts to its customers, according to the finance and business daily, Expansión. For the CNMC, this practice that the oil company has carried out through the companies Repsol Comercial de Productos Petrolíferos, S. A., Repsol Directo, S. A., Repsol Customer Centric, S. L., Solred, S. A., Campsa Estaciones…

Spanish economy 8th July 2022

CNMC Fines Major Spanish Construction Companies 203 Million Euros For Sharing Contracts Until 2017

The National Markets and Competition Commission (CNMC) has fined six of Spain’s leading construction companies 203.6 million euros for having altered thousands of public tenders for building and civil works infrastructure contracts over 25 years. The companies penalised are Acciona, Dragados, FCC, Ferrovial, OHLA and Sacyr. According to the CNMC, between 1992 and April 2017, the construction companies met weekly to analyse tenders for works carried out by the various…

Ministry of Ecological Transition answers CNMC

Ibex 13th August 2019

After the response of the Ministry of Ecological Transition, Enagas and REE remain underweight

Santander Corporate & Investment | The Ministry of Ecological Transition has published its response to the regulator´s (CNMC) proposals for changes to the rules on the gas and electricity transportation and distribution networks and gas storage installations. Based on the four documents presented in CNMC before the 9 August deadline, the Ministry values the regulator´s proposals favourably.

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Spanish economy 25th July 2019

Restructure Spanish CNMC? Separate the competition and regulation functions?

Banc Sabadell | The provisional government in Spain, if its finally confirmed in office, will immediately renew most of the Council of the competition regulator (CNMC – six of the ten council members end their term in September 2019) and open the door to restructuring the body.

Ibex 17th July 2019

Fitch joins S&P on the future rating of Spanish gas companies

For the ratings agency, the reforms the Spanish regulator wants to carry out include a significant change in methodology which means less income for the companies in the sector in 2021-2026.

Spanish economy 17th January 2018

Spanish Average Electricity Bill Rose 10.8% In 2017, 88€ More Than Year Earlier

An average user’s electricity bill rose 10.8% in 2017 from a year earlier, according to Facua-Consumidores en Acción (Consumers in Action). Whatsmore, Facua denounces the “brutal” 16% increase in tariffs for energy consumed.

Spanish economy 18th December 2017

Spanish Electricity Surplus Reaches €421,4 M in 2016

In 2016, the electricity system registered a surplus of 421,45 million euros, according to the final figure for the year released by The National Commission on Markets and Competition (CNMC in Spanish).

Spanish economy 10th March 2016

Spain power system posts surplus in 2015 after 14 years of deficit

The CNMC said 2015 was the first year that the electricity system posted a surplus after 14 consecutive years of deficit. The full-year surplus was 550 million euros which the regulator has said should be earmarked for paying down debt, in line with the guidelines included in the last electricity sector reform.

Spanish economy 30th September 2015

Spanish Utilities Regulator Investigation Into Power Market: 2-6% EPS Risk

UBS | The regulator CNMC has kicked off an investigation on the competitive status of the Spanish power generation market. Endesa and Gas Natural Fenosa, the companies most exposed to it.