Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Iberdrola, S.A.    IBE   ES0144580Y14

IBERDROLA, S.A.

(IBE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

UK regulator proposes network overhaul for green energy drive

share with twitter share with LinkedIn share with facebook
07/09/2020 | 01:31am EDT
FILE PHOTO: The sun rises behind electricity pylons near Chester

By Susanna Twidale

British energy regulator Ofgem said energy network operators should invest 25 billion pounds ($32 billion) from 2021 to 2026 to deliver emissions-free energy and proposed cutting returns these companies can make in order to reduce household bills.

Britain has a climate target to reach net zero emissions by 2050 which will require a huge increase in renewable energy and investment to increase the stability of its energy networks.

"Given the scale of green investment likely to be needed in future, Ofgem is keeping costs as low as possible for consumers by proposing the lowest ever rate of return on capital for network companies," Ofgem said in a statement.

National Grid, one of several companies that owns and runs Britain's infrastructure of gas pipes and power cables, said it was disappointed by the proposals, saying they "jeopardised the delivery of the energy transition."

Under Ofgem's price control system network operators present plans for work they will do and setting out costs. Ofgem assesses the plans and sets limits on the profit they can make.

Consumers pay for the investment through network charges, making up almost a quarter of an average household energy bill.

Ofgem said it was allocating 25 billion pounds upfront expenditure but was proposing to cut more than 8 billion pounds from companies' spending plans by setting efficiency targets and cutting costs it did not think were justified.

"Ofgem's proposals nearly halve network companies' allowed rate of return, so that less of consumers' money goes towards network companies' profits, and more towards driving network improvements," it said.

Ofgem estimates this will save more than 3.3 billion pounds over the next five years leading to an expected fall of 20 pounds per household in network charges on bills.

Britain's energy infrastructure is owned by several firms, including SSE, National Grid and Iberdrola Scottish Power.

($1 = 0.7913 pounds)

(Reporting by Susanna Twidale; Editing by Edmund Blair)


Stocks mentioned in the article
ChangeLast1st jan.
IBERDROLA, S.A. -0.28% 10.705 Delayed Quote.16.61%
NATIONAL GRID PLC 1.09% 945 Delayed Quote.0.07%
SSE PLC 1.44% 1337 Delayed Quote.-7.06%
share with twitter share with LinkedIn share with facebook
All news about IBERDROLA, S.A.
10/23IBERDROLA S A : takes part in the New York wind power auction with its Liberty W..
PU
10/22IBERDROLA SA : Gets a Buy rating from Barclays
MD
10/22IBERDROLA S A : undertakes the largest issue in its history amounting to €3 bill..
PU
10/22IBERDROLA S A : Nine months
PU
10/22IBERDROLA SA : UBS keeps its Buy rating
MD
10/22IBERDROLA S A : Issuance of EUR 3,000 million non-call undated deeply subordinat..
PU
10/21Renewable energy giant to buy New Mexico's largest utility
AQ
10/21IBERDROLA S A : Iberdrola and Volvo Car Espana agree to promote electric mobilit..
AQ
10/21Iberdrola acquires PNM Resources in the US, the utility of New Mexico and Tex..
AQ
10/21GLOBAL MARKETS LIVE: A flurry of earnings reports
More news
Financials
Sales 2020 36 892 M 43 758 M 43 758 M
Net income 2020 3 739 M 4 435 M 4 435 M
Net Debt 2020 39 561 M 46 923 M 46 923 M
P/E ratio 2020 18,5x
Yield 2020 3,87%
Capitalization 65 588 M 77 637 M 77 794 M
EV / Sales 2020 2,85x
EV / Sales 2021 2,75x
Nbr of Employees 35 816
Free-Float 94,7%
Chart IBERDROLA, S.A.
Duration : Period :
Iberdrola, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IBERDROLA, S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 10,97 €
Last Close Price 10,71 €
Spread / Highest target 18,6%
Spread / Average Target 2,48%
Spread / Lowest Target -21,5%
EPS Revisions
Managers
NameTitle
José Ignacio Sánchez Galán Chairman, President & Chief Executive Officer
José Sáinz Armada Chief Financial & Resources Officer
Fernando Lucero Batalla Head-Information Technology & Finance
Íñigo Víctor de Oriol Ibarra External Director
Samantha Catherine Barber Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
IBERDROLA, S.A.16.61%77 637
NEXTERA ENERGY25.15%148 398
ENEL S.P.A.7.03%91 060
DUKE ENERGY CORPORATION1.72%68 233
DOMINION ENERGY, INC.-2.03%68 097
ORSTED A/S41.42%65 113