Ignacio Sánchez Galán

Ignacio Sánchez Galán is the Chairman and CEO of Iberdrola, a major Spanish multinational electric utility company. He is newsworthy due to Iberdrola's recent policy change regarding electricity contracts. The company has begun specifying the cost of 'adjustment services' in its contracts with retail customers (households, SMEs, etc.). This cost has increased significantly since a major blackout on April 28, 2025, largely due to Red Eléctrica's reinforced operations to prevent future blackouts. This change in Iberdrola's contract terms is significant as it increases transparency for consumers regarding the costs associated with maintaining grid stability and preventing blackouts. Furthermore, the mention of Larry Fink's meeting with Ibex companies suggests Galán and Iberdrola are key players in the Spanish energy and infrastructure landscape, attracting attention from major global investors.