New shareholder REE

28 October 2016

Spanish high-voltage transmission system operator REE now a shareholder in Coreso

Spanish high-voltage transmission system operator (TSO) REE is now a shareholder in Coreso, joining TSOs from Belgium (Elia), France (RTE), the UK(National Grid), Italy (Terna), Germany (50Hertz) and Portugal (REN).

The involvement of the Spanish operator arises from the recommendation of the European Commission and the European Network of Transmission System Operators for Electricity (ENTSO-E) for the promotion of greater and increased coordination among European operators, with the support of a Regional Security Centre (RSC).

The CEO of Coreso, Patrick De Leener, explained: “Following on from the Portuguese TSO in 2015, REE’s purchase of a stake in Coreso ensures geographical coherence of operational coordination in the SWE (South Western Europe) region. Now that Spain is on board, Coreso can act as the RSC for Iberia. REE’s involvement is an important milestone as it will enable an efficient approach to cooperation on services in the region, which started some time ago in connection with capacity calculations.”

The CEO of Red Eléctrica, Juan Lasala, on his part stated: “Taking on this commitment means we can count on the backing of the system operators of neighbouring countries associated with Coreso in order to ensure the security of electricity supply at all times. Spain has extensive experience and knowledge it can contribute to the coordination of the operation of electricity systems in south western Europe; systems with which it shares similar characteristics. Moreover, given the new international interconnection projects in which Red Eléctrica is involved, it is necessary to increase the coordination efforts between interconnected countries.”