Tuesday, December 7

The CNMC estimates 240,000 contracts affected by the largest rise in electricity

The light drops this Saturday by 7%.

The light drops this Saturday by 7%.

The National Markets and Competition Commission (CNMC) estimates that approximately 240,000 electricity supply contracts have been affected by a a higher price than that which would correspond to the regulatory changes introduced on June 1.

According to a monitoring report on the adaptation of electricity supply contracts prepared by the agency, there is a number of marketers that have applied a price higher than that which would correspond due to regulatory changes (in addition to the variation in the regulated component, they have included an increase in the cost of energy).

The first phase of the report estimates that eThe number of contracts affected by this situation represents 1.4% of the supervised contracts in this first analysis, which would affect some 240,000 supply contracts.

In this first phase, the information of the 25 marketers with the largest share of the number of supplies has been taken into account, which represents a market share of 91% of the total number of supply points in the low voltage free market and, the 84% of the total energy in the free market in low voltage.

In 90,000 of these contracts the marketer has informed the client, by means of specific communication for this matter, of the introduction of modifications beyond those that correspond to the mere transfer of the regulated components, giving the possibility of terminating the contract without penalty, all in accordance with current regulations.

The organization led by Cani Fern├índez has emphasized that “It is essential that the marketer makes an effort in these cases to make the consumer aware of this modification that you are applying to the price of your contract “.

On the other hand, in the rest of the cases, which amounts to some 150,000 contracts, there has been no such transparent communication to customers informing about the price update carried out and it has been incorrectly indicated that this has been carried out to collect the variation of the regulated components.

Some marketers already regulate the situation

The CNMC has reminded the marketers who have incorrectly adapted their contracts, that they will have to carry out the necessary adjustments in the contracts of their consumers, so that they include the correct prices and, in addition, inform them in a transparent manner.

At the same time, the regulatory body has recognized that some of these trading companies are already carrying out such regularizationsTherefore, their clients should receive the equivalent compensation for the prices they should have paid since June 1.

The CNMC is conducting a monitoring of the regularizations of these contracts and it is also verifying the specific performance of the marketers in question to determine if it is an irregularity in the process of correction or an infringement, in which case it will proceed to initiate the corresponding files, and inform of the initiation and its recipients.

Along these lines, the agency has indicated that in the current state of the investigation, noncompliance cannot be concluded without proceeding with a sanctioning procedure, although it admits that there are indications and elements “that could justify the opening of a sanctioning person.”

The CNMC has indicated that a second analysis is currently being carried out with the following 19 marketers with the largest share, which will allow 95% of the low voltage free market supplies and 89% of the energy in this segment to be analyzed .

Iberdrola, Endesa and Naturgy

The CNMC investigations have begun after the regulatory body found that there are a number of electricity marketers that, in addition to the variation in the regulated component (tolls), have included an increase in the cost of the average energy term billed, reaching up to 30% higher than what would correspond, with the entry of the new tolls.

In this sense, Iberdrola, Endesa and Naturgy have clarified this Friday in different statements that they have applied the regulation of regulated electric tolls following the methodology of the CNMC.


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