Overview

• The amended proposal drops the link to historical spending and caps recognized investment at 80% of the statutory ceiling set at 0.13% of GDP.
• The text allows remuneration for Government-defined projects such as system security, anticipatory demand work and avifauna protection even without higher contracted capacity.
• A one-week public consultation runs to 22 October, with the CNMC targeting 1 January 2026 for the new rules to take effect alongside the 6.46% rate.
• MITECO’s 10 October report asserted ministerial competencies over investment planning and prompted the regulator’s fast-tracked revisions.
• Separately, the CNMC met top utilities and system operators after recent voltage swings and is weighing temporary 30-day anti-blackout measures, including tighter control of plants and mandatory participation in secondary regulation.