National Markets and Competition Commission (CNMC), railway operator irisOwned by Air Nostrum, Trenatalia and Globalviato provide high-speed services four new routes.
As the regulator announced in a statement Monday, The company will be able to operate flights between Madrid and Cuenca, Madrid and Albacete, Albacete and Cuenca, and Barcelona and Camp de Tarragona.
CNMC, in its decision, not compromising the economic balances of the 2018-2027 public service contract signed between Ministry of Transport, Mobility and Urban Agenda and Renfe Viajeros.
The CNMC draws on this conclusion from the Ministry itself. Economic balance testing to determine if these new services pose a risk For public service contract given Iryo’s desire to operate on these routes.
The CNMC report concluded that: Conventional Medium Range (OSP) services offered by Renfe are not a replacement for Iryo High Speed services as they last longer.
Renfe’s income
When it comes to Avant services (high-speed mid-range OSP services), they are indeed interchangeable considering their technical characteristics, but not in terms of their frequency or price, because Avant has more frequencies and prices of multiple travel coupons More competitive than Iryo envisioned.
The only track with Iryo’s high speed Competing with OSP services is Barcelona-Camp de TarragonaFor less than a single ticket for Renfe’s Avant services.
However, in this caseCNMC expects the impact on Renfe’s revenue will not reach 0.003% of the total OSP contract, Less than 1% determined to conclude that new services can have a significant impact on the contract.
On the other hand, CNMC, Renfe’s Notify new High Speed services operating under Avlo In order to determine whether it affects the economic balance of KHYs, it is sold at lower prices than Avant services, which are also provided by the operator and are subject to public service obligations.
Iryo has become the third rail transport operator to operate in Spain after opening up to competition nearly two years ago. With routes Madrid-Valencia and Madrid-Zaragoza-Valencia, which it hopes to add to other lines such as Madrid-Málaga in 2023.