The tariff deficit in Spain’s power market reached €26 bn in 2013 and has grown further in 2014. In response, the government has overhauled of retail tariffs, increased taxes on generators and restructured support schemes. Special Regime feed-in tariffs have ended and a system of Specific Remuneration put in place, capping the pre-tax return for the most efficient renewable generators capped at 7.5% - subject to regular revision.
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The power sector is rapidly transitioning to a cleaner generation mix supported by technological and regulatory changes. Regional markets and structures are adjusting to these new realities with implications on fuel demand, commodity pricing and asset values.
This Power Markets Long Term Outlook report provides a detailed analysis of supply, demand and price fundamentals, as well as the regulatory and market issues affecting regional power markets.
Use this report to examine key issues driving regulatory and economic trends and identify future growth opportunities in regional power markets.
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Spain power markets long-term outlook H2 2014
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