The regulation that assigns to Red Eléctrica the Canary Islands electricity system operation was approved the past 10th of April 2006.
Red Eléctrica was appointed by the Royal Decree 1747/2003 of 19th December operator of the electricity systems in the Canary and Balearic Islands, Ceuta and Melilla. The singular conditions for implementing the electricity supply operations and, more specifically, the economical dispatching of generated power are established in the decree. Besides other functions, Red Eléctrica has to submit a plan for the transmission and generation assets development, to achieve the assurance level required in each and every one of the islands electricity systems.
Since 17/2007 Act was published on 4 July, Red Eléctrica is also responsible for developing the transmission grid in the insular and extrapeninsular systems.
In addition to being a guarantee of transparency and neutrality as regards how the power sector functions on the Canary Islands, Red Eléctrica's presence there makes it possible for other generators and marketers to become installed, thus creating an environment of free competition that will make the Canary Islands' power system more efficient from an economic standpoint.
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Lastest update: 06-July-2010