The CEO of Endesa, José Bogas, acknowledged yesterday that the regulated rate “has been a good option for Spanish customers, but in these circumstances it is not the most appropriate” since, in his opinion, “at this time they can opt for better alternatives”, such as the fixed rates offered by marketers in the free market “because they are contracts with more stable prices and are not subject to market instability”, he assured during his speech at an economic forum held in Madrid.
Hours earlier, before the analysts with whom he met to explain the results that the electricity company presented yesterday, he also acknowledged that the measures designed by Spain and Portugal to cap the price of gas used for electricity production “will have a positive impact for customers, which is good, very good”, because it mitigates the current increases, but warned that “they will not finish solving the problem” of the economy, which is energy dependence and efficiency.
Yesterday Endesa presented earnings in the first quarter of 338 million euros, which despite being 31% lower, do not distract from its initial objective of ending the year with a profit of 1,800 million and an operating result or EBITDA of 4,100 million . Its income rose 59%, to 7,596 million. The cut in benefits is due to a ruling on CO2 rights with an impact of 188 million.
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