Total revenue in 2014 came to €180.8 million.

Total revenue in 2014 came to €180.8 million. Approximately 85% of this figure was accounted for by regulated remuneration for the distribution activity under Order 2812/2012 of the Ministry of Industry, Tourism and Trade, published in Boletín Oficial del Estado (Official Journal of Spanish Central Government) No 314, December 31, 2012, and Order 2446/2013, published in Boletín Oficial del Estado No 312, December 30, 2013. The remaining 15% arose from the provision of services relating to natural gas distribution, most being regulated activities as well. Highlights include revenue from meter rental, periodic inspections, and other services to consumers.

Remuneration for the distribution business is calculated in accordance with the provisions of the regulatory framework prevailing in the given financial period, using a parameter-based formula whose main vectors of review are (i) inflation (as given by the Spanish hydrocarbons price index “IPH”), (ii) growth in terms of new connection points, and (iii) growth in in the volume of distributed natural gas.

Although the IPH index declined in 2013, the company’s regulated remuneration revenue increased 1% year-on-year as a result of the rise in connection points and distributed gas volume.