ASGECO Confederation, the General Association of Consumers has issued a statement demanding that the report of the National Energy Commission (CNE) and the National Securities Market Commission (CNMV) on possible manipulations in Cesur auctions prior to publishing the details of the electricity sector reform, is made available to the public.
“From ASGECO Confederation we call for the sense of information transparency that the government and regulators should have, even further in a situation as complicated as the current one, with an unbearable unemployment rate and an electricity bill that is steadily increasing.”
Jean-Bernard Audureau ASGECO Confederation spokesperson, believes that ” delay in publishing the report is due to maneuvers and political pressures with the consequent delay in the reform process that, if implemented as planned, would result in a profits decline for large utilities”
The prices of Last Resort Rate (TUR) affecting around 20 million users are decided in the Cesur auction. Last year the CNE conducted an investigation which was subsequently referred to the CNMV for this institution to carry out the appropriate report. But nearly one year after there is still no news.
“The report could penalize utilities because it appears that irregularities are being committed in the auctions”, said Audureau. In this sense, Julio Segura, CNMV President, expressed a few months ago his surprise at the sudden price increase which occurs on the day of the auction, to then sharply decrease.
From ASGECO Confederation we believe the report could shed some light to the electricity system reform and reduce the rates volatility, which have increased over 70% in the last six years thus harming consumers.
