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The Directorate-General for Energy Policy and Mines has issued a resolution establishing the total outstanding amount as of 31 December 2025 for rights assigned to the Electricity System Deficit Securitisation Fund (FADE), amounting to 2,754,120,081.56 euros (First). The calculation is based on the procedure set out in Article 9.2.ii of Royal Decree 437/2010, applying an interest rate of 3.792% (Art. 9.2.ii.b).
The resolution formalises the outstanding debt of the rights assigned to FADE, primarily affecting the financial management of the electricity system and the agents involved in the securitisation of the deficit. The total consolidated amount exceeds 2,754 million euros, broken down into various issuances (First). Interested parties have one month to lodge an administrative appeal (recurso de alzada) before the Secretariat of State for Energy (Second).
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