- During the 13/2024 settlement in the electricity sector, there was a temporary deviation of +55.36 million euros between revenues and costs.
- In the 1/2025 settlement in 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 corresponding period of the previous year.
The National Commission of Markets and Competition (CNMC) has released the provisional 13th settlements for 2024 and the first ones for 2025 in the electricity sector, as well as the 13th settlements for renewable energies, cogeneration, and waste for 2024, and the first ones for 2025, along with the fourth provisional settlement for the gas sector in 2025.
To understand the regime of settlements in the energy sector managed by the CNMC, visit the CNMC Blog.
13/2024 Settlement of the Electricity Sector
For the 13/2024 settlement, the temporary deviation between revenues and costs amounted to +55.36 million euros.
Total revenues were 14,493.69 million euros, while costs totaled 14,438.33 million euros. Since the revenues were sufficient to cover the recognized costs, the coverage coefficient (the ratio between the costs that can be paid with available revenues and those that should be paid from provisional settlements) was 100%.
The consumption demand was 225,917 GWh.
1/2025 Settlement of the Electricity Sector
Regarding the 1/2025 settlement, the temporary deviation was -576.97 million euros. Total revenues were 485.69 million euros, while costs were +1,062.66 million euros. Therefore, since the available revenues were insufficient 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 Settlement of Renewable Energies, Cogeneration, and Waste
In this 13/2024 settlement, the coefficient of hours ‘d’ was applied, excluding the equivalent operating hours for energy generated during periods where the daily electricity market prices were zero, or zero and negative, for six consecutive hours or more.
This settlement accumulates with previous ones from 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 from the General State Budgets, corresponding to 50% of the specific remuneration of facilities located in non-peninsular territories.
This month, there were no temporary imbalances between revenues and costs in the electricity system, as outlined in Article 19 of Law 24/2013, of December 26. Therefore, the accumulated settlement with charge to the Electricity Sector is affected by a 100% coverage coefficient, and the amount to be paid in advance to the producers amounts to 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 related to installations in non-peninsular territories, as of the closing date of this settlement, revenues have been received from the Public Treasury to cover 100% of this amount, resulting in a zero payment this month.
Access the report of the provisional settlement 13/2024 of renewable energies, cogeneration, and waste.
1/2025 Settlement of Renewable Energies, Cogeneration, and Waste
This settlement amounts to a total of 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 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 in the electricity system, as outlined in Article 19 of Law 24/2013, of December 26. Therefore, the accumulated settlement with charge to the Electricity Sector is affected by a 41.9% coverage coefficient, and the amount to be paid in advance to the producers amounts to 152.64 million euros.
The settled and paid amounts from the electricity sector have the following breakdown by technologies:
For the payment related to installations in non-peninsular territories, as of the closing date of this settlement, revenues have been received from the Public Treasury to cover 100% of this amount, resulting in a payment of 4.06 million euros.
Access the report of the provisional settlement 1/2025 of renewable energies, cogeneration, and waste.
4/2025 Settlement of the Gas Sector
The fourth provisional settlement covers the settlement period from October 1, 2024, to January 31, 2025.
The total revenues declared by companies in the settlement system amounted to 567.73 million euros, 21.3% lower than those declared in the corresponding period of the previous year.
Specified 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 have been observed:
- 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 up to January 31, 2025, amounts to 85.6 TWh. This quantity 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 into tankers was 2.8 TWh. In total, the gas system’s output energy in the settlement period amounted to 95.5 TWh.
Access the report of the provisional settlement 4/2025 of the gas sector.