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Clifford Chance

Clifford Chance


Spain: Government excludes fixed-price PPAs from remuneration reduction mechanism due to the internalisation of natural gas costs and imposes strict information and documentation submission obligations

28 October 2021

This measure aims to exclude from the remuneration reduction mechanism, effective as of 16 September 2021, the electricity covered by those Power Purchase Agreements ("PPAs") in which the price is not indexed to the Spanish mainland's wholesale electricity market, provided the PPAs were entered into after 16 September 2021 for a term of one year or more. In addition, certain information and documentation must now be submitted in order to fulfil the declared aim of increasing transparency.

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