Clifford Chance
Spain Mechanism to reduce the wholesale price of electricity and adjustments to the specific remuneration system for renewables: RD-Law 10/2022
19 May 2022
The mechanism seeks to directly reduce the wholesale price of electricity by imposing on the power purchase units that will benefit from the mechanism, the obligation to cover the production cost of certain plants in excess of the natural gas reference price set by the Spanish Goverment. Also noteworthy in the package of measures adopted is the modification of the specific remuneration system, reintroducing the adjustment for market price deviations that Royal Decree-Law 10/2022
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