Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Spanish minister says private power firms slow to share information in blackout probe
    Headlines

    Spanish minister says private power firms slow to share information in blackout probe

    Spanish minister says private power firms slow to share information in blackout probe

    Published by Global Banking and Finance Review

    Posted on June 10, 2025

    Featured image for article about Headlines

    By Pietro Lombardi

    MADRID (Reuters) -Spain's Energy Minister Sara Aagesen urged private electricity companies to speed up sharing information needed to identify the causes of the worst ever blackout to hit Spain and Portugal.

    More than a month after one of Europe's biggest electricity system collapses left around 60 million people in the two countries without power, the cause has yet to be determined and the blame game has intensified.

    "At the beginning, when we requested information, it arrived very quickly," Aagesen told reporters from Nice, France, where she was attending a U.N. conference. "Now we're in a situation where information arrives in dribs and drabs, much more slowly."

    She acknowledged though that the information required was now more detailed and, at times, more complex.

    "But I insist, I continue to call for this information to be delivered as soon as possible so we can identify the causes and implement the necessary measures," she said.

    Spain's energy ministry is leading one of the probes looking into the April 28 events, which sent investigators from the country's cybersecurity and intelligence services to private energy companies' premises to gather information.

    An energy ministry spokesperson declined to comment when asked about what information Aagesen was referring to.

    Utility lobby Aelec, which represents Spain's main electricity companies including Iberdrola and Endesa, did not immediately reply to a request for comment.

    Last week, it said private companies have been cooperating with the investigations.

    "It is absolutely false that they are withholding information or delaying their responses to requests related to the recent blackout," it said at the time.

    PROBES AND FINGER-POINTING

    The European network of transmission system operators ENTSO-E has also launched an inquiry, while a Spanish court is investigating whether a cyber attack caused the blackout. Spanish lawmakers are conducting separate probes.

    Spanish grid operator Red Electrica insists the transmission grid it manages was working without issues before the blackout.

    Beatriz Corredor, the chair of its parent company Redeia, last week blamed some conventional power plants, which include nuclear, combined cycles and hydroelectric plants, for failing to help maintain an appropriate voltage level in the power system that day. Corredor stopped short of saying this caused the blackout.

    Investigators are examining excessive voltage on the grid as one possible cause for the loss of generation.

    Aelec said Corredor's comments sowed confusion and obstructed an objective technical analysis.

    (Reporting by Pietro Lombardi, edited by Aislinn Laing and Emelia Sithole-Matarise)

    Related Posts
    Ukraine's Zelenskiy to meet Poland's Trump-backed president at key moment in war
    Ukraine's Zelenskiy to meet Poland's Trump-backed president at key moment in war
    Civilian infrastructure damaged in Ukrainian attack on Russia's Oryol region, governor says
    Civilian infrastructure damaged in Ukrainian attack on Russia's Oryol region, governor says
    Japan reaffirms no-nukes pledge after senior official suggests acquiring weapons
    Japan reaffirms no-nukes pledge after senior official suggests acquiring weapons
    Australia's 'Bondi Hero' handed $1.65 million collected from fundraising
    Australia's 'Bondi Hero' handed $1.65 million collected from fundraising
    Gunman in Brown University shooting found dead, authorities say
    Gunman in Brown University shooting found dead, authorities say
    France's Macron says he hopes EU will pass Mercosur clauses during delay
    France's Macron says he hopes EU will pass Mercosur clauses during delay
    EU countries agree on financial support for Ukraine, Costa says
    EU countries agree on financial support for Ukraine, Costa says
    EU leaders set to agree on loan to Ukraine backed by EU budget - draft text
    EU leaders set to agree on loan to Ukraine backed by EU budget - draft text
    Analysis-Australia's gun control consensus frays after Bondi Beach attack
    Analysis-Australia's gun control consensus frays after Bondi Beach attack
    Bangladesh rocked by unrest after death of student leader
    Bangladesh rocked by unrest after death of student leader
    Irish central bank raises growth forecasts, says economy resisting US headwinds
    Irish central bank raises growth forecasts, says economy resisting US headwinds
    Australia plans gun buyback after Bondi massacre, as surfers honour victims
    Australia plans gun buyback after Bondi massacre, as surfers honour victims

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostTwo men jailed for life for procuring bomb that killed Malta journalist
    Next Headlines PostRomanian president could nominate a prime minister this week

    More from Headlines

    Explore more articles in the Headlines category

    Australia police say detained men likely had ideological links to Bondi gunmen

    Australia police say detained men likely had ideological links to Bondi gunmen

    New EU draft text on Russian assets offers uncapped guarantees for Belgium

    New EU draft text on Russian assets offers uncapped guarantees for Belgium

    Putin to talk of war and peace at marathon news conference

    Putin to talk of war and peace at marathon news conference

    Thousands rally in Bulgaria against corruption, call for judicial reform

    Thousands rally in Bulgaria against corruption, call for judicial reform

    Analysis-How Trump's Venezuela embargo could put Taiwan at risk

    Analysis-How Trump's Venezuela embargo could put Taiwan at risk

    UN elects former Iraqi President to lead UN refugee agency

    UN elects former Iraqi President to lead UN refugee agency

    Trump says 'getting close to something' ahead of US, Russia talks on Ukraine

    Trump says 'getting close to something' ahead of US, Russia talks on Ukraine

    Russian shelling near Odesa kills one, hits power supply

    Russian shelling near Odesa kills one, hits power supply

    Britain names Christian Turner as ambassador to the US

    Britain names Christian Turner as ambassador to the US

    Trump administration imposes sanctions on two more ICC judges

    Trump administration imposes sanctions on two more ICC judges

    Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says

    Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says

    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991

    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991

    View All Headlines Posts