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Energy Updates 2-2013

CHANGES TO THE ENERGY SECTOR INTRODUCED BY ROYAL DECREE-LAW 9/2013, OF JULY 12, 2013, ADOPTING URGENT MEASURES TO GUARANTEE THE FINANCIAL STABILITY OF THE ELECTRICITY SYSTEM

Royal Decree-Law 9/2013, of July 12, 2013, adopting urgent measures to guarantee the financial stability of the electricity system (“Royal Decree-Law 9/2013”) was published in the Official State Gazette (the “BOE”) on July 13, 2013 and entered into force the day after, on July 14, 2013.

This update describes the key features of Royal Decree-Law 9/2013, intended to lay down a raft of urgent measures aimed at guaranteeing the financial stability of the Spanish electricity system.

1. CONTEXT OF THE APPROVAL OF ROYAL DECREE-LAW 9/2013

2. CHANGES TO THE REMUNERATION SYSTEM FOR CERTAIN ACTIVITIES OF THE ELECTRICITY SECTOR

2.1 Electricity generation facilities using renewable energy sources, cogeneration and waste

2.2 Measures relating to the new remuneration system for the distribution and transmission facilities

3. OTHER CHANGES INTRODUCED BY ROYAL DECREE-LAW 9/2013