Securitisation of the electricity tariff deficit - Fondo de Titulización del Déficit del Sistema - Cuatrecasas Goncalves Pereira
Monday, 30 November 2009 06:40
One of the main objectives of the recent rules approved regarding the Spanish electricity sector is to achieve tariff sufficiency in order to solve some of the financial difficulties of electricity companies. In this respect, last April 30, several measures affecting the energy sector were adopted under Royal Decree 6/2009. Accordingly, current and further tariff deficits have to be financed, and the mechanism chosen to do so has been the securitisation of the collection rights in favour of a Spanish asset securitisation fund.
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