02.07.2014 08:03:00
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Iberdrola S.A. -- Moody's: Flat power price outlook will stymie generation earnings growth for Spain's large power producers
London, 02 July 2014 -- Spain's largest power producers will see little upside to generation earnings until power prices gradually being to rise in 2016-17, says Moody's Investors Service in a Special Comment report published today. Moody's expects that Spanish power prices will keep to a narrow trading range through 2020 because the scale and mix of the country's installed capacity is unlikely to change significantly.