- During the 13/2024 settlement of the electricity sector, there was a temporary deviation of +55.36 million euros between revenues and costs.
- In the 1/2025 settlement of the electricity sector, the temporary deviation stood at -576.97 million euros.
- In the gas sector, the total declarable revenues in the 4/2025 settlement amounted to 567.73 million euros. These declarable revenues are 21.3% lower than those declared in the comparable period of the previous year.
The National Commission of Markets and Competition (CNMC) has released the 13th provisional settlements of 2024 and the first ones of 2025 for the electricity sector, as well as the 13th settlements for renewable energies, cogeneration, and waste of 2024, and the first ones of 2025, and the fourth provisional settlement of the gas sector for 2025.
To understand the regime of settlements in the energy sector managed by CNMC, check out the CNMC Blog.
13/2024 Electricity Sector Settlement
For the 13/2024 settlement, the temporary deviation between revenues and costs was +55.36 million euros.
Total revenues amounted to 14,493.69 million euros, while costs reached 14,438.33 million euros. Since the revenues were sufficient to cover the recognized costs, the coverage coefficient (the ratio between costs payable with available revenues and those to be paid from provisional settlements) was 100%.
The consumption demand stood at 225,917 GWh.
1/2025 Electricity Sector Settlement
In the 1/2025 settlement, the temporary deviation was -576.97 million euros. Total revenues were 485.69 million euros, and costs were +1,062.66 million euros. Therefore, as the available revenues were not enough to cover the costs recorded in this 1/2025 settlement, the coverage coefficient was 41.9%.
The consumption demand decreased to 3,621 GWh.
13/2024 Renewable Energies, Cogeneration, and Waste Settlement
In this 13/2024 settlement, the ‘d’ hours coefficient was applied, excluding the equivalent operating hours for energy generated during periods when the daily electricity market prices were zero, or zero and negative, for six consecutive hours or more.
This settlement accumulates from the previous ones in 2024, totaling 4,306.88 million euros (before VAT or equivalent tax), from January 1 to December 31.
Out of the total accumulated, 4,259.4 million euros are paid from the Electricity Sector, while 47.48 million euros are paid from the General State Budgets, corresponding to 50% of the specific remuneration of installations located in non-peninsular territories.
This month, there were no temporary imbalances between revenues and costs of the electricity system, as outlined in Article 19 of Law 24/2013, of December 26. Thus, the accumulated settlement with the Electricity Sector is affected by a coverage coefficient of 100%, and the amount to be paid in advance to producers is 295.47 million euros.
The amounts settled and paid or claimed (-52.51 million euros) from the electricity sector have the following breakdown by technologies:
For the payment of the portion related to installations in non-peninsular territories, by the closing date of this settlement, revenues from the Public Treasury have been received, allowing the full payment of this item, resulting in a zero amount to be paid this month.
Access the report on the 13/2024 provisional settlement of renewable energies, cogeneration, and waste.
1/2025 Renewable Energies, Cogeneration, and Waste Settlement
This settlement amounts to 368.38 million euros from January 1 to January 31.
Out of the total accumulated, 364.32 million euros are paid from the Electricity Sector, while 4.06 million euros are paid from the General State Budgets, corresponding to 50% of the specific remuneration of installations located in non-peninsular territories.
This month, there were temporary imbalances between revenues and costs of the electricity system, as outlined in Article 19 of Law 24/2013, of December 26. Thus, the accumulated settlement with the Electricity Sector is affected by a coverage coefficient of 41.9%, and the amount to be paid in advance to producers amounts to 152.64 million euros.
The amounts settled and paid from the electricity sector have the following breakdown by technologies:
For the payment of the portion related to installations in non-peninsular territories, by the closing date of this settlement, revenues from the Public Treasury have been received, allowing the full payment of this item, resulting in a payment of 4.06 million euros.
Access the report on the 1/2025 provisional settlement of renewable energies, cogeneration, and waste.
4/2025 Gas Sector Settlement
The fourth provisional settlement covers the settlement period from October 1, 2024, to January 31, 2025.
The total revenues declared by companies to the settlement system amounted to 567.73 million euros, 21.3% lower than those declared in the comparable period of the previous year.
Itemized by categories, the declarable revenues were as follows:
- System charges: 4.07 million euros.
- Underground storages: 25.99 million euros.
- Local networks: 405.42 million euros.
- Trunk transport network: 104.45 million euros.
- LNG plants: 19.32 million euros.
These revenues cover recognized remunerations and other debtor balances. In total, the following deviations were obtained:
- System charges: +89.06 thousand euros.
- Underground storages: +4.75 million euros.
- Local networks: -166.84 million euros.
- Trunk transport network: +99.33 million euros.
- LNG plant: +295.56 million euros.
The gas demand in the gas year 2025 billed until January 31, 2025, amounts to 85.6 TWh. This amount is 6.8 TWh higher than the same period in 2024. Additionally, natural gas exports via pipelines were 4.2 TWh, gas transferred from regasification plants to ships was 3.0 TWh, and gas loaded in tankers was 2.8 TWh. In total, the gas system’s output energy during the settlement period amounted to 95.5 TWh.
Access the report on the 4/2025 provisional gas sector settlement.