Overview
- The revised 2026–2031 distribution framework keeps a 6.46% financial rate and caps recognized past investments at 80% of companies’ limits while newly acknowledging certain safety, anticipatory and avifauna projects.
- Industry group Aelèc (Iberdrola, Endesa, EDP) says the model remains insufficient and warns a CNMC eligibility threshold of €233 per kW equals about 60% of current average connection costs, risking blocked hookups.
- The CNMC’s urgent consultation runs to October 22 with a target start date of January 1, 2026, and the government may still call the Comisión de Cooperación if alignment is not reached.
- After recent voltage swings flagged by Red Eléctrica, the CNMC met sector leaders and readied temporary measures for 30 days, extendable 15, including tighter control of generators and mandatory participation in secondary regulation.
- Redeia estimates reinforced operation since May added €371 million to consumer costs as the operator schedules more than 20 thermal units daily; the operator and the minister say supply security is not at risk.