January 14 (Renewables Now) – Spain’s Council of Ministers approved on Friday a proposal by the Ministry of Ecological Transition to enable the country’s competition watchdog CNMC to act as an independent authority and regulator of the electricity and natural gas market.
This way, the Spanish government passed a royal decree by which it transposed the two EU directives (Directive 2009/72/EC and 2009/73/EC) that the previous cabinet failed to implement correctly into the national law.
The decree empowers the CNMC to approve the structure, methodology and the value of tariffs to access transportation and distribution networks of electricity, natural gas and liquefied natural gas plants. The CNMC will also approve fees for gas and electricity transportation and distribution activities and liquefied natural gas plants.
The Ministry of Ecological Transition said that the new distribution of competences ensured a clear, stable and predictable regulatory and institutional framework that provides legal security for citizens and stakeholders in the energy sector.