MADRID, 22 Dic. (EUROPA PRESS) -

The National Commission for Markets and Competition (CNMC) has sanctioned RWE Supply

In June 2021, the CNMC detected breaches in the use of flexibility mechanisms for the discharge of LNG at regasification plants, which are approved by Circular 8/2019, as reported by the agency.

Specifically, the new regulatory framework for access, designed by the CNMC in Circular 8/2019, allows the option for the trader to modify, up to two times, the date of the unloading of the vessel, the unloading plant and the size of the ship to be unloaded, as long as it is communicated at least five days in advance.

During the investigation of the files, the CNMC confirmed that the two companies had breached their obligation to notify the modification of their supply and consumption programs at least five days in advance.

Thus, the modifications correspond to cancellations of the unloading of Liquefied Natural Gas (LNG) vessels and represent a serious infraction provided for in article 110 p) of Law 34/1998, of the Hydrocarbons Sector.

In the assessment of the fines, as explained by the CNMC, the economic graduation established in the current regulations for serious infractions (maximum sanction of 6 million), the degree of non-compliance, the average premiums reached in the auctions of LNG unloading capacity for the period in which they would take place (1.33 million euros per unloading) and the business volume of those sanctioned.