MADRID, 9 Dic. (EUROPA PRESS) -

The electricity sector recorded a surplus of 772.4 million euros in the 2021 financial year, a figure 57.7 million euros higher than the surplus of 714.7 million estimated in the scenario foreseen according to the previous regulations, as reported by the National Commission for Markets and Competition (CNMC).

The regulator indicated that this imbalance is explained because the reduction in costs (-979 million euros) with respect to those initially forecast for the year was greater than the reduction registered in revenues (-512 million).

The lower costs compared to those initially forecast for the year are mainly explained by the lower specific remuneration on the peninsular (-337 million euros), the lower additional and specific remuneration from the non-peninsular systems (-494.7 million euros) , the lowest distribution remuneration (-66.7 million euros) and the lowest annuity of the securitization fund for the electricity system deficit (-68.7 million euros).

For its part, the reduction in income compared to what was initially forecast for the year was mainly due to the decrease in charges established in the third additional provision of the aforementioned Royal Decree-Law 17/2021 (-1,889.8 million euros) and to the lower income due to the application of Law 15/2012 (-509 million euros), caused by the suspension of the production tax for the second half of 2021.

This was partially offset by higher revenues from greenhouse gas emission rights auctions (1,252 million euros), as well as the surplus registered in revenues from capacity payments (217 million euros) and by the incorporation of the income destined to the compensation of loss of income due to the flexibility measures included in article 42 of Royal Decree-Law 11/2020 (172 million euros).