commiss decis juli applic spanish govern transit regim articl direct ec european parliament council common rule intern market electr notifi document number spanish text authent ec commiss european commun regard treati establish european commun regard direct ec european parliament council decemb common rule intern market electr articl thereof inform member state applic made spanish govern fact procedur letter februari spanish ministri industri energi notifi commiss applic transit regim pursuant articl direct ec applic refer spanish electr sector act notifi articl direct letter januari provis thereof provis cost transit competit hereinaft quot ctc quot provis system island iberian peninsula june commiss servic undertook fact find mission madrid met offici ministri industri energi comisión nacion del sistema eléctrico cnse letter octob spanish ministri industri energi submit complementari inform commiss letter januari spanish govern notifi transit regim notifi pursuant articl direct modif accord articl ec treati notif subject decis dealt parallel procedur articl ec treati spanish electr sector implement direct ec spain implement direct ec act novemb enter forc januari act introduc regul network access custom consumpt gwh year repres approxim total consumpt end act amend enter forc januari progress market open step lead market open spanish act introduc function independ system oper independ market oper separ legal ownership term electr compani sharehold hold bodi sum sharehold oper electr sector exce royal decre design red eléctrica de españa sa ree system oper compañia operadora del mercado español de electricidad sa omel market oper market oper omel manag coordin suppli demand spot market produc gener mw oblig regularli submit offer spot market allow sell electr bilater contract distributor supplier elig custom act buyer spot market elig custom possibl remain supplier distributor regul suppli tariff purchas directli spot market purchas basi bilater contract specif produc supplier main electr gener compani carri distribut suppli activ endesa iberdrola sa unión eléctrica fenosa sa hidroeléctrica del cantábrico sa privat own transit regim notifi spanish govern introduct spain notifi scheme pursuant articl direct quot ctc quot regim cost de transición la competencia ctc regim defin sixth transit provis spanish act amend januari act decemb base guarante spanish state electr gener plant royal decre govern electr tarif prior liberalis system guarante cost coverag electr gener plant built spain allow electr tariff calcul basi individu power plant standardis cost account method act establish transit regim refer quot cost transit competit quot ctc view partli compens electr gener compani loss incom result differ guarante electr tariff exist hitherto anticip price electr liberalis market system island iberian peninsula oper system compani unelco canari island gesa balear island endesa ceuta melilla exempt decemb market rule govern mainland electr market exempt defin transit provis act amend act addit provis act hydrocarbon sector addit act compar higher cost electr product distribut system redistribut special levi mainland electr tariff transmiss charg detail quot ctc quot regim object object ctc regim compens spanish electr gener compani maximum period ten year expect decreas electr price wholesal market result introduct competit purpos ctc regim estim price electr fall esp kwh maximum compens calcul ant set esp billion approxim eur billion main portion esp billion intend cover loss incom gener compani result lower price due introduct competit smaller portion esp billion intend cover fix premium peseta kwh electr produc indigen coal calcul method individu cost schedul plant independ individu audit previou tariff set exercis start cost base averag yearli hour oper technolog determin quot technolog compens quot calcul discount differ standardis product cost assum market price peseta kwh discount rate result differ amount esp billion amount reduc esp billion order account product gain result abovement esp billion ad coal compens esp billion strand cost compens payment owner gener plant yearli basi compens method approxim total ctc technolog compens paid nuclear sector convent thermal sector hydroelectr sector ant calcul esp billion set maximum amount compens actual yearli compens calcul basi actual trend spot market price market price remain higher assum peseta kwh compens payment reduc proportion market price fall estim peseta kwh yearli compens increas total compens mean transit period end schedul ten year maximum compens amount recoveri method cost ctc regim recov annual mean regul tariff transmiss charg respect amount collect distribut compani transfer product compani supervis regul cnse amend electr act forc januari modifi compens recoveri method introduc fix tariff compon earmark compens payment electr compani prepar possibl securitis esp billion compens payment receiv compani possibl introduc exchang reduct approxim esp billion ctc payment remain amount approxim esp billion compens accord origin method modif affect esp billion compens indigen produc coal recov tariff rate peseta kwh detail system island iberian peninsula notif includ request specif derog direct financi support redistribut higher electr cost isol system spanish system recov similar ctc regim ii legal analysi legal basi articl direct ec spanish govern notifi applic accord articl direct ec notif part assess separ applic transit regim mean articl applic derog small isol system mean articl quot ctc quot regim requir articl articl direct ec state quot member state commit guarante oper entri forc direct honour account provis direct appli transit regim grant commiss take account thing size system concern level interconnect system structur electr industri commiss inform member state applic take decis take account respect confidenti decis publish offici journal european commun transit regim limit durat link expiri commit guarante refer paragraph transit regim cover derog chapter iv vi vii direct applic transit regim notifi commiss year entri forc direct quot articl direct light ec treati requir element examin commiss applic transit regim requir natur commit guarante oper question exist commit guarante oper proven commit guarante oper februari causal link entri forc direct inabl respect commit establish requir measur propos achiev object question measur transit regim fall scope derog chapter iv vi vii direct ec transit regim limit durat link expiri commit guarante oper question transit regim appli restrict measur achiev object legitim decid issu commiss account thing size system concern level interconnect system structur electr industri assess quot ctc quot regim present case ctc regim notifi determin requir recit met measur transit regim requir derog chapter iv vi vii direct ec meet requir state order constitut transit regim mean articl direct ec system chosen member state provid derog requir laid chapter iv vi vii direct ec measur consider base pure compens scheme system charg levi implement member state order compens strand cost caus applic direct ec applic levi present case requir derog chapter iv vi vii direct ec regard transit regim mean articl thereof fact measur consider case result consider distort singl market electr affect conclus commiss recognis payment levi result econom consequ substanti similar result total partial derog oblig contain chapter iv vi vii direct ec distort natur result specif derog envisag direct transfer compens payment electr produc financ levi charg consum measur directli address direct examin pursuant rule competit articl ec treati circumst understood measur similar econom effect treat consist manner relev procedur individu case notwithstand fact notif februari spanish govern express doubt appli transit regim articl direct ec quot ctc correspond articl deem scope articl spanish legisl transpos part direct contraven chapter iv vi vii quot spanish govern argu complementari inform provid commiss letter octob spanish ctc regim repres derog articl chapter iv direct argu spanish price regul liberalis royal decre constitut guarante oper full amortis singl power plant liberalis market oper merit order system articl direct guarante dispatch plant oper price guarante royal decre letter octob spanish govern conclud quot absenc strand cost ctc regim lead merit order compar result current competit gener market quot quot la ausencia de esto cost hundido cost de transición la competencia darían lugar una precedencia económica diferent la está resultando en el actual mercado competitivo de generación quot word spain contend introduct ctc payment permit recipi fund sell electr lower price case absenc transit regim turn lead modif merit order base simpli econom criteria basi requir articl direct ec spanish author compens payment ctc regim put plant oper posit guarante dispatch cost amortis price articl direct ec appli ctc regim allow spain opt earli market open schedul simultan reduct electr tariff captiv consum delai market open result spain opt derog chapter vii articl direct commiss consid type compens aim quot neutralis quot econom term limit time effect appli provis direct regard quot derog quot direct mean articl spanish system base independ market oper transpar spot market implement conform requir articl direct ctc regim constitut specif derog articl relev natur notifi measur purpos aim natur transfer compens payment electr produc financ levi charg consum mention measur directli address direct examin rule competit articl treati light applic articl direct ec assess abovement requir recit regim system island iberian peninsula requir articl direct ec articl direct state quot member state demonstr direct brought forc substanti problem oper small isol system appli derog relev provis chapter iv vi vii grant commiss inform member state applic prior take decis take account respect confidenti decis publish offici journal european commun paragraph applic luxembourg quot provis requir element examin commiss applic transit regim case articl principl applic small isol system articl direct defin small isol system quot system consumpt gwh year annual consumpt obtain interconnect system quot member state show direct forc substanti problem oper small isol system measur fall scope derog chapter iv vi vii direct decid applic commiss appli proportion test mean propos approach restrict trade competit achiev object question legitim assess spanish applic analog assess ctc regim regim system island iberian peninsula determin requir met measur transit regim question fall scope derog chapter iv vi vii direct ec meet requir recit spanish notif appli specif derog direct regim system island iberian peninsula repres financi support system recov levi charg electr consumpt abovement argument appli analog regim examin rule state aid articl treati circumst mention point understood measur similar econom effect treat consist manner relev procedur individu case futur derog articl direct ec order avoid infring chapter iv vi vii regard specif rule electr system island iberian peninsula spanish govern submit applic time applic deadlin articl appli respect articl conclus spanish applic pursuant articl direct ec element ctc regim assess basi articl direct regim system island iberian peninsula assess basi articl direct commiss conclud case transit regim pursuant articl approv measur chosen constitut derog chapter iv respect articl vi vii direct final recognis ctc regim regim system island iberian peninsula system involv transfer compens payment electr produc financ levi charg consum measur directli address direct examin pursuant rule state aid articl treati decid articl present decis concern applic spanish govern transit regim pursuant articl direct ec notifi commiss februari notif concern quot cost de transición la competencia quot defin sixth transit provis spanish electr sector act novemb quot sistema insular extrapeninsular quot defin transit provis spanish electr sector act novemb articl transit regim quot cost de transición la competencia quot defin sixth transit provis spanish electr sector act novemb measur constitut derog chapter iv vi vii direct ec refer articl direct articl direct applic part transit regim notifi spanish govern articl transit regim quot sistema insular extrapeninsular quot notifi spanish govern measur constitut derog chapter iv vi vii direct ec refer articl direct articl direct applic part transit regim notifi spanish govern articl decis address spain brussel juli commiss christo papoutsi member commiss oj direct ec requir minimum market open februari note notif januari pursuant articl treati origin differ standardis product cost assum market price esp billion reduc esp billion