Endesa calculates that the 50 euro limit on gas will cost 6,000 million

At the general assembly of shareholders of the company he was re-elected, and francesco staraceAs vice-president of Enel (70% owner of the ‘Spanish’ electric company), Bogas said that gas “The real reason for the price increase“and even though he realizes they’re looking for each other”special precautionsHe shares that “the situation needs to take action” and thinks that they should be “at European level, time-limited and in the gas market”.

Bogas devotes an important part of his speech to the present day. market crisis Electric has criticized the power industry for “enormous critical noise moments” in recent months, “which many times and other times unfairly based on faulty premises”.

In this sense, the leader climb electricity price does not benefit or empower them in the wholesale market because All the energy produced by the company is sold in futures.. All of the energy we will produce this year is already sold at a price that has nothing to do with wholesale market prices.”

Regardless, the CEO asked the company’s shareholders not to allow “a series of narratives” in front of them. Blurry The work of a company like Endesa”. “We have a board of directors with a distinct professional character, where hundreds of marketers and energy producing companies come together, organize our distribution business, and we are the leader in a growing industry that suits you. Good Corporate Governance recommendations; According to the central balance sheet of the Bank of Spain, we have a reasonable return; and we believe that sustainability is the framework for improving our operations,” said Bogas, “Therefore, No oligopoly, no extraordinary profits. While some of these slogans are persistently repeated, they will not derail honest, professional corporate action with very clear sustainable goals.”