The CNMC (National Commission on Markets and Competition) is undertaking a comprehensive review of the gas and electricity supply market in Spain for the year 2024. This initiative aims to promote fair competition and safeguard consumer interests by actively monitoring market activities to identify and prevent anti-competitive practices such as cartels and abuse of dominant positions.

Businesses operating in the energy sector should be aware of the CNMC's heightened focus on compliance and the potential for increased scrutiny regarding mergers and acquisitions. The article emphasizes the importance of adhering to competition laws to avoid penalties and encourages businesses to engage in public consultations to influence regulatory frameworks.

Recent trends indicate a shift in the market dynamics, with non-traditional energy suppliers gaining market share. Approximately 24% of electricity consumers and 19% of gas consumers have switched providers, while the number of self-consumers has surged by 48%, now representing 5% of total demand. The CNMC's analysis highlights the need for transparency in pricing and consumer consent, as well as improved information in price comparison tools.

Electricity demand has risen by 3% in 2024, whereas gas demand has decreased by 4%, primarily due to a reduction in electricity generation. Major players like Endesa, Iberdrola, and Naturgy dominate the electricity market, but competition is intensifying, particularly among non-traditional suppliers. In the gas sector, Naturgy, Endesa, and Repsol hold significant market shares, indicating a high concentration in the domestic market.

Nearly half of domestic consumers are utilizing time-variable tariffs, which can lead to savings of 9-15% if they adjust their usage to cheaper hours. The CNMC's price comparison tool reveals that many consumers could find more affordable offers than their current contracts. Advisors are encouraged to guide clients on the benefits of variable pricing options and the importance of regularly comparing contracts to secure the best deals.

In conclusion, the CNMC's commitment to ensuring fair competition and consumer empowerment is evident through its regulatory efforts and the tools provided for consumers. The article underscores the significance of public participation in regulatory processes and the need for clear communication from suppliers regarding contract terms and price changes.