The CEO of Endesa, José Bogas, considered it “impossible” that the extension of the extraordinary tax on energy companies would succeed “if nothing changes”, because lacks the support needed to advance in Congressand warned that “the time is not for more taxes, but for investments”, if we want to achieve the objectives of the energy transition.
During a conference with analysts to present the company’s new strategic plan for the period 2025-2027, Bogas recognized that “everything is very confused now” in Spain regarding regulation and the future of this called the “tax”.
He thus estimated that the possibility of extending the tax by decree must be approved by Parliament and “this means that, if nothing changes, it would be impossible to maintain this pace“.
“On the other hand, the government has issued a decree in which it says that it maintains the agreement with Junts. This means not tax energy companies that maintain their current commitment to decarbonization. So it’s a little confusing,” he added.
On the other hand, Bogas indicated that Endesa would still have room to increase its investments even more if the remuneration rate for electricity networks, currently at 5.58% for distribution and which must be reviewed for the next period, which will begin in 2026, it will be at the level of 7.5%.
Endesa will increase its investments for the period 2025-2027 until record figure of 9.6 billion euroswhich represents an increase of almost 8% compared to the previous “roadmap”, to seize the opportunities presented by the energy transition, according to the company’s new strategic plan.
This figure of 9.6 billion euros in “capex”, or around 700 million euros more than in the previous plan for 2024-2026, represents a historic record for the company since in 2014 it began to operate within its current geographical scope (Iberian Peninsula). .
This plan will have as its main axis the company’s commitment to electrification, with some investments in networks of up to 4,000 million euros45% more than in the previous 2024-2026 plan, pending improvements and updates to regulations.
