Energy's Edge

The provided article details the precarious state of Spain's electricity grid, highlighting its vulnerability and the potential for catastrophic failures. It accuses the dominant energy companies, including Iberdrola, Endesa, and Naturgy, of prioritizing profit over necessary security investments and grid maintenance. These companies, the article claims, have reaped enormous profits, totaling tens of billions of euros, while neglecting crucial upgrades. The Spanish government is criticized for enabling this situation, fostering a system that allows these corporations to operate with minimal oversight. This lack of regulation, coupled with the pursuit of maximizing shareholder value, has created a situation where the national electricity infrastructure is increasingly susceptible to disruptions. The article warns that this negligence poses a significant threat to the Spanish economy and society, potentially leading to widespread blackouts and economic instability. It suggests that the current system, driven by private interests and inadequate government control, is unsustainable and requires fundamental reform to ensure a secure and reliable electricity supply for the nation. find the original article here: https://www.wsws.org/en/articles/2025/05/04/qlln-m04.html