Once the supply process has begun, Red Eléctrica continuously monitors the performance of its suppliers and verifies compliance with all the requirements (business, financial, technical and sustainability) established by the Group.
The main actions carried out during the monitoring process are the following, according to type:
Continuous improvement of the monitoring process
Red Eléctrica continues to work to improve communication and transparency with its suppliers in the monitoring and tendering processes. This allows, on the one hand, a more fluid dialogue to be established and ensures that Red Eléctrica’s expectations are known by the supplier, and on the other, it contributes to supplier development, increasing the commitment to creating value for them.
To this end, a series of actions are being carried out, such as: strengthening the figure of the Key Supplier Manager, which will enable a more fluid communication with suppliers that are key for Red Eléctrica, as well as the progressive application of service level agreements and of performance indicators in contracts.