EconomyFinancialIberdrola is sanctioned for 9,145 million pesos for selling...

Iberdrola is sanctioned for 9,145 million pesos for selling self-supply electricity

The Energy Regulatory Commission (CRE) imposed a sanction of 9,145 million pesos on the Spanish electricity company Iberdrola for selling electricity to its partners from one of its plants in Monterrey, which operates with a self-supply permit.

In a resolution document, the regulator details that it determined the sanction after verifying that the company sold electricity to its consumer partners at the Dulces Nombres plant. The figure of self-supply was designed to be used to cover the energy demand of industrial clients, who form a company for the construction and operation of a plant and thus use the electricity that is produced there, without there being a payment for it to one. from them.

“The activity of generation and supply of electrical energy that the permit holder (Iberdrola) carries out to its consumer partners in exchange for a consideration, actually constitutes a sale of electrical energy, which is expressly prohibited in the Electricity Public Service Law. (LSPEE)”, says the regulatory document.

The federal administration has ruled on several occasions against this figure. The constitutional reform, which was rejected last April, contained the cancellation of all permits of this type. After the rejection of the legal change, the president asked the companies to renegotiate these contracts. The private initiative has defended this type of permits because they allow them to have lower costs in the electric service.

“It should be noted that the sanction is aimed primarily at people who need to generate electricity for self-sufficiency, acquire the habit of observing and respecting the provisions of the LSPEE,” says the document.

Boom!: Oil plummets 6% and reaches an eight-month low on fears of a recession

WTI and Brent trade at 78.58 and 85.73 dollars per barrel. Both prices are at their worst level since January.

The violation of a judicial suspension: crime or delight? The Cenace and Iberdrola

Just as the expiration of a driver's license should exclude us from driving on asphalt roads, a company with an expired license should be unplugged from the network, compares Miriam Grunstein.

Oil price plummets; It's at a January low

Oil is trading below $90 amid concerns that a recession could hit fuel demand.

Gas and oil soar due to the closure of Russian supplies to Europe

Russia canceled the deadline to resume gas flows through the Nord Stream pipeline to Europe, which impacted the price of energy and pressured the euro.

Oil price falls more than 4% due to concerns about demand

Brent fell 4.1% to $92.73 a barrel, and WTI fell 4.1% to $87 a barrel, on fears that an economic slowdown will affect global oil demand.

More