Spain moves to revoke Holaluz electricity license and transfer its customers

The Ministry for the Ecological Transition and the Demographic Challenge has opened an administrative procedure to extinguish Holaluz’s licence to operate as an electricity retailer, citing non‑compliance with regulatory obligations. The resolution was adopted on 16 July and gives the company ten business days, starting on Sunday, to submit any objections.

Simultaneously, the government will transfer Holaluz’s roughly 139,000‑221,000 electricity customers to reference retailers such as Iberdrola, Endesa, Repsol, Naturgy or TotalEnergies to ensure continuity of supply. Holaluz’s co‑founder and CEO Carlota Pi says the process is a “punctual administrative procedure” and that “electricity supply to our clients is fully guaranteed and not affected by this process.”

Financially, Holaluz reported 2025 losses of €22.2 million (down 29.5% from 2024) and a 41% revenue drop to €158.9 million, alongside a 42.8% staff reduction to 167 employees. The company attributes the results to the final stage of judicial homologation of its restructuring plan and a €22 million recapitalisation backed by the Icosium investment fund, now its largest shareholder.