Commodity market report

Spain power and renewables market long-term outlook H2 2016

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Report summary

Economic recovery is bringing growth back to Spanish power demand, although Spain's power market remains in a period of substantial oversupply and regulatory uncertain. As a result of the Spanish government’s efforts to reform the power market, system revenues and costs are now back in closer balance, with the tariff deficit beginning to fall as a result. At the end of 2016, the deficit stood at around 23 billion, 8% lower than the previous year.

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