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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El Gobierno excluye del mecanismo de minoración de la retribución por la internalización del coste del gas natural los PPAs a plazo con precios fijos e impone exigentes obligaciones de presentación de información y documentación
28 October 2021 -
Spanish government temporarily reduces remuneration paid to power producers in an attempt to lower the price of electricity
17 September 2021 -
El Gobierno minora temporalmente la retribución de los generadores de electricidad en su intento de abaratar la luz
17 September 2021
