• Electricity The light war evaporates 7,500 million of the electricity on the stock market in the last two days

The Spanish Association of Minority Shareholders of Listed Companies (AEMEC) rebels against the package of measures approved by the Government to lower the price of electricity. According to this association "intervening in the markets alluding to the profits of the companies seems more typical of countries fortunately far from our legal and economic environment." For this reason, he does not hesitate to qualify as

"expropriation"

the decision of the Executive of Pedro Sánchez to confiscate the profits of the large electricity companies.

"The agreed decision", indicates the AEMEC, "constitutes

a seizure or economic withdrawal of the operating account of our companies

, with which we are in broad terms before an expropriation". According to this entity, "if it were to occur, it would have to have, like any other that occurs in our country, the appropriate compensation." "Otherwise," he adds, "we would rather be faced with an assumption of patrimonial damage to shareholders, with the legal consequences that could derive from there."

"A true reflection of the patrimonial damage of the measures sought by the Government is the drop in price of around 5% that shareholders of those listed electricity companies that operate, for example, through renewable technologies are suffering these days," he continues.

The AEMEC, whose legal strategy is being coordinated by the Cremades Calvo-Sotelo law firm, advances that "it

will do everything in its power

and allowed by current Spanish and European legislation, to prevent these measures from being consumed".

The reason, which is "arbitrary, discriminatory, unfair, hasty and unsustainable in the medium and long term."

"If the problem of the price of electricity is in the high cost of gas, penalizing the entire energy system that does not use gas is precisely against everyone's desire for a progressive transition to clean energy."

Given the paradox, AEMEC insists, "that while the price of electricity falls, companies linked to fossil fuels are trading up."

For all this, "he urges the Government to seriously and calmly analyze the appropriate mechanisms to be able to lower the price of electricity without attacking the marginalist system, which is the one that governs the entire European Union, and obviously without trampling on legitimate rights. of the shareholders ".

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