Spain's Markets and Competition Commission (Comisión Nacional de los Mercados y la Competencia, or "CNMC") has exercised the new regulatory powers conferred in 2019 and approved Circulars 5/2019, 6/2109 and 7/2019. The Circulars, which were published in Spain's Official Journal (Boletín Oficial del Estado, or "BOE") on 19 December 2019 and entered into force on the following day, set out the remunerative framework applicable to electricity distribution and transmission for the second regulatory period (which starts 1 January 2020 and ends 31 December 2025).
- Purpose and scope of the Circulars
- Circular 6/2019, of 5 December, of the CNMC, which establishes the methodology for calculating the remuneration applicable to electricity distribution
- Circular 5/2019, of 5 December, of the CNMC, which establishes the methodology for calculating the remuneration applicable to electricity transmission, and Circular 7/2019, of 5 December, of the CNMC, which approves the standard facilities and the reference unit values for operation and maintenance per fixed asset used for that activity
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