Spanish regulator sets 6.46% return for trunk gas network, regasification
Spanish regulator sets 6.46% return for trunk gas network, regasification Sept 18 (Reuters) - Spain's energy and competition watchdog CNMC on Friday approved the remuneration framework for gas transport, regasification and distribution for 2027-32, including a financial return of 6.46% for core gas network activities.
Industry group Sedigas had previously called for changes to the draft remuneration rules.
Analysts viewed the proposals as more favourable than expected, particularly for Enagas ENAG.MC, which runs Spain's trunk gas grid.
The 6.46% rate will apply to regasification, transport and system operation, while a different rate of 6.87% is set for gas distribution operations related to meter activities.
The new rate is 12 basis points below the 6.58% return set for electricity transport and distribution for 2026-31.
The CNMC said the lower gas-sector rate reflects a one-year lag in the calculation period, and factors such as lower investment needs and a declining asset base.
The gas meter distribution activities rate of 6.87% is 20 basis points above the level initially proposed.
New gas rules will take effect on October 1, 2026.
(Reporting by Mireia Merino
Editing by Pietro Lombardi and David Goodman)
((Mireia.merino@thomsonreuters.com))