PRTR Subsidies 2022 for electricity distributors: who receives payment and why

Key data

26 Spanish electricity distributors have their final subsidy payments approved from the Recovery, Transformation and Resilience Plan for investments executed in 2022. The Resolution of April 15, 2026 from the State Secretariat for Energy thus closes the cycle of a call that began with the prior approval granted in May 2023 and now culminates after verifying the actual execution of the projects.

The process has involved the CNMC as a collaborating entity, which has issued payment proposal reports and reviewed objections submitted by nine of the beneficiary companies before setting the final amounts.

What does this regulation establish?

The resolution approves the final subsidy amounts for each of the 26 beneficiary electricity distributors. The process has developed in two clearly differentiated phases:

• Phase 1 — Prior approval: approved in May 2023, it established which companies and investments were eligible.
• Phase 2 — Final payment: approved now, after verifying that the projects were actually executed. CNMC has reviewed objections from nine companies before setting the final amounts.

Subsidizable investments fall into two specific categories:

Actual payment is made by the CNMC directly to each beneficiary according to the amounts authorized in this resolution. No additional action is necessary by the distributors to receive the amount: CNMC executes the payment directly.

Economic and operational impact

This resolution represents the financial closure of an investment cycle that distributors carried out four years ago. The key points from a financial and operational perspective are:

• Immediate liquidity: payment occurs on the date of entry into force (June 12, 2026), which improves the treasury position of the 26 beneficiaries.
• Coverage of already executed investments: the funds compensate for disbursements made in 2022, so the impact on the balance sheet is positive net without requiring new investments.
• Nine companies with revised amounts: CNMC reviewed objections from nine distributors, which means their final amounts may differ from those estimated in the prior approval of 2023. These companies should compare the final approved amount against their accounting provisions.
• Digitalization as a financing lever: investments in network automation (Type 2, CNMC Circular 6/2019) and high-power charging points have proven eligible, confirming the PRTR strategic line for the electricity sector.

Who does it affect?

• 26 electricity distribution companies with eligible investments executed in fiscal year 2022.
• Nine distributors that submitted objections and whose amounts have been reviewed by CNMC before final payment.
• Finance and regulation departments of the affected distributors, which must update their accounting records with the final approved amounts.
• Advisors and auditors of the beneficiary companies, who must verify the tax and accounting treatment of subsidies received under PRTR.

It does not affect distributors that did not make eligible investments in 2022, nor marketers, transporters or electricity generators, whose regulated activity is different.

Practical example

A medium-sized electricity distributor that in 2022 invested in the automation of substations classified as Type 2 installations according to CNMC Circular 6/2019 and in the installation of electric vehicle charging points exceeding 250 kW with public access submitted its application within the PRTR call framework.

Following the prior approval of May 2023, the company provisioned the estimated subsidy amount in its accounts. If this distributor submitted objections to CNMC (as nine of the 26 beneficiaries did), the final amount approved in this resolution may be different from what was provisioned. The finance team should:

1. Locate the final amount assigned to your company in the resolution published in the BOE-A-2026-12790.
2. Compare that amount with the accounting provision recorded since 2023.
3. Adjust the accounting record if there is a difference and consult the tax treatment of the subsidy with your advisor.
4. Confirm with CNMC the exact payment date, given that payment is executed directly by the collaborating entity.

What should companies do now?

1. Verify if your company is among the 26 beneficiaries: consult the complete resolution in the BOE (BOE-A-2026-12790) to confirm that your distributor is listed and to know the final amount assigned.
2. Review final amounts against accounting provisions: especially if your company submitted objections to CNMC, the final amount may differ from the estimate in the prior approval of May 2023.
3. Update the accounting record: PRTR subsidies have specific treatment in the General Accounting Plan. Make sure to allocate them correctly to the corresponding fiscal year.
4. Confirm the payment schedule with CNMC: payment is executed directly by CNMC. Contact the collaborating entity to know the exact payment date and the banking details they have on file.
5. Review tax treatment: consult with your tax advisor about the impact of the subsidy on Corporate Income Tax for the fiscal year in which payment is received.
6. Document eligible investments for future calls: this resolution confirms what types of investment are financeable with PRTR funds in the electricity sector (Type 2 digitalization and EV charging >250 kW). Keep that documentation updated for future calls.

Official source

Consult complete regulation in official source

Notice: This article is for informational purposes only and does not constitute legal advice. For specific decisions, consult a qualified professional. Source: https://www.boe.es/diario_boe/txt.php?id=BOE-A-2026-12790