The trial begins against Iberdrola and four of its directors for manipulating electricity prices in 2013

From this Tuesday, the National Court will judge Iberdrola and four are administrators for an increase in the price of electricity in 2013. In an order, investigating judge Ismael Moreno explained that, “in order to achieve” a “higher price on the electricity market”, they increased the price in the supply of electrical energy that corresponded to their plant hydraulics of Duero, Sil and Tajo between November and December 2013.

For him dock Of the suspects, those who were then director of energy management at Iberdrola, Ángel Chiarri, are called to succeed; the person in charge of optimization, resource management and trading, Gregorio Relaño; the head of asset management, José Luis Rapún; and the head of short-term markets and global generation, Javier Paradinas.

For the four directors the Public Prosecution Service for Anti-Corruption requests respectively the penalty of two years’ imprisonment and a special disqualification from a job or public office, profession, trade, industry, commerce, related to the generation or commercialization of electrical energy, and a fine of twelve months with a daily allowance of 400 euros .

He Prosecution It also requests the imposition of a fine of 84.9 million euros on Iberdrola Generación – a quadrupling of the profits obtained – as well as the confiscation of the profits obtained.

There is also someone like private accusation consumer rights organization Facuawhich calls for three years in prison for the directors and a fine of 107.5 million euros for the company.

According to legal sources, the hearing will last at least until December 1.