BMI View: Spain’s poor economic past and prospects are having a negative impact on the country’s energy sector. Electricity consumption levels are forecast to drop for the third consecutive year in 2013, as high levels of unemployment and widespread austerity measures have slashed consumers’ spending power - affecting both domestic and industrial electricity usage. As such, we are forecasting only muted growth for the power sector over the course of our 10-year forecast period. There is investment planned in transmission and distribution projects, spearheaded by Red Electrica de EspaƱa, a move that we see as a means of securing supply …
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