- During the 14/2024 settlement in the electricity sector, there was a temporary deviation between income and costs of +619.75 million euros.
- In the 2/2025 settlement in the electricity sector, the temporary deviation was -512.66 million euros.
- In the gas sector, the total declarable income in the 5/2025 settlement amounted to 811.17 million euros.
- These declarable incomes are 16.5% lower than those declared in the comparable period of the previous year.
The National Commission of Markets and Competition (CNMC) has published the 14th provisional settlements of 2024 and the 2nd of 2025 in the electricity sector, as well as the 14th for renewable energies, cogeneration, and waste of 2024, and the 2nd of 2025, and the 5th provisional settlement of the gas sector in 2025.
To understand the regime of settlements in the energy sector managed by CNMC, please refer to the CNMC Blog.
14/2024 Settlement in the Electricity Sector
For the 14/2024 settlement, the temporary deviation between income and costs was +619.75 million euros. The difference with previous settlements is due to Treasury income (560 million euros).
Total income was 12,735.72 million euros, while costs amounted to 14,400.61 million euros. This month, there were no temporary mismatches between income and costs of the electricity system, as outlined in Article 19 of Law 24/2013 of December 26, resulting in a 100% coverage coefficient for the accumulated settlement charged to the Electricity Sector.
The consumption demand was 225,967 GWh.
2/2025 Settlement in the Electricity Sector
Regarding the 2/2025 settlement, the temporary deviation was -512.66 million euros. Total income was 1,458.38 million euros, and costs were +2,212.89 million euros. This month, there were temporary mismatches between income and costs of the electricity system, resulting in a coverage coefficient of 73.99% for the accumulated settlement charged to the Electricity Sector.
The consumption demand decreased to 22,700 GWh.
14/2024 Settlement for Renewable Energies, Cogeneration, and Waste
This settlement is cumulative with previous ones in 2024, totaling 4,309.74 million euros (pre-VAT or equivalent tax), from January 1 to December 31.
Out of the total, 4,262.2 million euros are paid by the electricity sector, while 47.5 million euros are from the General State Budgets, corresponding to 50% of the specific remuneration of installations in non-peninsular territories.
In this 14/2024 settlement, the ‘d’ hours coefficient was applied, excluding operating hours for energy generated during periods when daily electricity market prices were zero, or zero and negative, for six consecutive hours or more.
There were no temporary mismatches between income and costs of the electricity system this month, resulting in a 100% coverage coefficient for the accumulated settlement charged to the Electricity Sector, with an amount to be paid in advance to producers amounting to 4.11 million euros.
The amounts settled and paid or claimed by the electricity sector have the following breakdown by technologies:
For the payment of the portion corresponding to installations in non-peninsular territories, Treasury income has been received as of the closing date of this settlement, allowing for the full payment of this part, resulting in no amount to be paid this month.
Access the report on the 14/2024 provisional settlement for renewable energies, cogeneration, and waste.
2/2025 Settlement for Renewable Energies, Cogeneration, and Waste
This settlement amounts to 734.18 million euros from January 1 to February 28.
Out of the total, 726.05 million euros are paid by the Electricity Sector, while 8.12 million euros are from the General State Budgets, corresponding to 50% of the specific remuneration of installations in non-peninsular territories.
This month, there were temporary mismatches between income and costs of the electricity system, resulting in a coverage coefficient of 73.99% for the accumulated settlement charged to the Electricity Sector, with an amount to be paid in advance to producers amounting to 385.54 million euros.
The settled and paid amounts by the electricity sector have the following breakdown by technologies:
For the payment of the portion corresponding to installations in non-peninsular territories, Treasury income has been received as of the closing date of this settlement, allowing for the full payment of this part, with an amount to be paid of 4.06 million euros.
Access the report on the 2/2025 provisional settlement for renewable energies, cogeneration, and waste.
5/2025 Settlement in the Gas Sector
The fifth provisional settlement covers the settlement period between October 1, 2024, and February 28, 2025.
The total income declared by companies to the settlement system was 811.17 million euros, 16.5% lower than that declared in the comparable period of the previous year.
Specified by categories, the declarable incomes were as follows:
- System charges: 5.50 million euros.
- Underground storages: 34.90 million euros.
- Local networks: 596.47 million euros.
- Trunk transport network: 141.48 million euros.
- LNG plants: 20.70 million euros.
These incomes cover recognized remunerations and other debtor balances. In total, the following deviations were obtained:
- System charges: +0.33 million euros.
- Underground storages: +6.70 million euros.
- Local networks: -75.21 million euros.
- Trunk transport network: +104.71 million euros.
- LNG plant: +266.89 million euros.
The gas demand in the 2025 gas year billed until February 28, 2025, amounted to 116.3 TWh. This amount is 6.0 TWh higher than that of the same period in 2024. Additionally, natural gas exports via pipelines were 6.7 TWh, gas transferred from regasification plants to ships was 3.5 TWh, and gas loaded in tankers was 3.7 TWh. In total, the gas system’s output energy in the settlement period amounted to 130.2 TWh.
Access the report on the 5/2025 provisional settlement in the gas sector.