Spanish regulator CNMC announced an investigation into the large fluctuations registered last week in the price of electricity in the national secondary market, seeking to prevent the increase from affecting consumers as well as to identify the reason for the sudden jump in prices.
The jump in the secondary electricity market caused the price per MWh to rise by up to 11.49 Euros on the night of Tuesday, May 7, a price that will be transferred directly to whoever is found to have generated the problem.
The strong adjustment and unusual behavior of the electricity market has been explained as a problem in wind generation, as well as problems in a combined cycle power plants. However, the CNMC will review the market to determine if more regulation is required to avoid these impacts.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Geradin Partners Expands Paris Office with Key Hire
Aug 30, 2024 by
CPI
Judge Accuses Google of ‘Clear Abuse’ in Antitrust Case Over Deleted Employee Chats
Aug 29, 2024 by
CPI
Hong Kong Cleaning Company Employee Charged in Historic Antitrust Investigation Case
Aug 29, 2024 by
CPI
Inside the Yelp Suit: Allegations of Google’s Abuse of Search Power
Aug 29, 2024 by
CPI
AI Safety Bill Clears Hurdle in California, Heads to Governor’s Desk
Aug 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich