Overview

• At Iberdrola’s annual meeting, president Ignacio Sánchez Galán insisted that Red Eléctrica holds ultimate responsibility for maintaining supply during the April 28 blackout.
• The formal probe into the sudden 2.2 GW power loss remains open, with officials warning it may take weeks or months to pinpoint a definitive cause.
• Major energy firms plan to propose delaying the scheduled shutdown of plants like Almaraz and are seeking tax incentives to ensure nuclear units remain operational.
• Galán urged mobilizing significant investment in network upgrades and stronger interconnections with Europe to bolster a renewable-heavy grid.
• Red Eléctrica has firmly denied any operational failures before the blackout, intensifying a public dispute over accountability and energy security.