Iberdrola and Endesa soar on the stock market due to the possibility that Ribera softens his hack

Iberdrola and Endesa

have joyfully celebrated on the Stock Exchange the possibility that the Government will moderate the hack inflicted on the income of its nuclear and hydroelectric plants to contain the sharp rise in the price of electricity. The vice president of Ecological Transition,

, yesterday began a round of meetings with the five major heads of the electricity companies that operate in the country to address the complex situation of the electricity bill, which continues to rise despite the noise it has generated among investors your package of measures.

The possibility that Ribera suspends the regulation that it approved less than a month ago - as published by Cinco Días - strongly boosted the price of electricity companies, which is still

Official sources of Ecological Transition limited themselves to explaining that the ministry would review its measures if Europe takes the reins of the crisis and approves measures for the entire continent.

Electric companies and industrial companies trust that Ribera will correct the mess that has caused its intervention in the market on numerous and diverse fronts. Few believe that it will back down its own regulation, since this would irritate

and leave the vice president herself in a very compromised situation, but they do bet that there will be changes that will alleviate the pressure on industrial groups - which are Iberdrola or Endesa themselves have already warned that they will pass on the hack - or adjust it to current gas prices to avoid that the adjustment is even higher than the

initially expected.

The electricity companies will be the last interested in being received by Ribera, who met on Monday with the large industry and on Tuesday with consumer associations.

opened the series of meetings yesterday, which also include meetings with senior executives from

Bogas presented Endesa's proposals to contain the rise in electricity.

Among them, releasing the system's strategic gas reserves, which are accounted for at a much lower price than the market, and annually adjusting the regulated remuneration of older renewable energies.

These facilities have a recognized remuneration of 7.4%, but at the moment they are entering much more money due to the prices that the wholesale market is registering.

When the regularization is carried out, in 2023, they will have to return the difference between what was charged and what was stipulated.

Endesa's proposal is that this regularization take place at the end of this year, which would mean an injection of 4,000 million euros into the system according to the calculations made by the company.

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