The Ministry for the Ecological Transition and the Demographic Challenge (Miteco) has agreed to close and archive the administrative procedures initiated in July against the electric company Holaluz.
In the resolution received and communicated by the company, the Ministry led by Sara Aagesen, nullifies the provisional measures that proposed the termination of its authorization as an electricity marketer and cancels the transfer of its customer portfolio which at the end of 2025 showed a volume of 221,650 contracts.
According to the resolution notified to the company, the Ministry has determined that the examined facts do not constitute legal grounds to revoke the company’s license nor to deprive it of its users. This ruling, according to the company, will be published tomorrow in the Official State Gazette (BOE).
The origin of the file dates back to July 16, when the Ministry opened the procedure following claims related to the enforceability of invoices with three distributors. The disputed amount amounted to 4.4 million euros. Holaluz maintained that the situation was due to a specific discrepancy in its treasury management system and that the amounts had a payment plan.
During the processing of the procedure, the company stated it had provided evidence of the periodic payments made. During this day the marketer has confirmed that both the invoices in dispute and the subsequent commitments have been fully settled, so the company is up to date with its payment obligations to the distributors.
Read more One of the three Spaniards missing in Nepal is found alive as the disaster death toll surpasses 580
The start of the file by the Government entailed at the time the precautionary suspension of the trading of Holaluz shares on the BME Growth market, where the stock was frozen at 0.83 euros.
After the Ministry’s decision became known, Holaluz’s CEO, Carlota Pi, stated that “from day one we said it was a specific administrative procedure and that we were convinced it would be resolved favorably. Today we can close that chapter.”
She also declared that “we have approximately 1% of the market and yet only we are talked about.” “Goliath will keep attacking David, but this David is armed with technology and thousands of customers who believe in the energy transition,” she insisted.
With the closure of the Executive’s case, Holaluz assures it normalizes its commercial operation, although it keeps another procedure open in the National Commission on Markets and Competition (CNMC). The regulatory body has been investigating since April a case for alleged serious infringement in the settlement of network access tolls, originated by non-payment complaints filed by distributors such as i-DE, a subsidiary of Iberdrola.
