Operational financing
CORES' operational funding is based on the fees paid by the entities obliged to maintain minimum security stocks. These contributions, made on a monthly or annual basis depending on the activity carried out, are determined in accordance with the regulatory framework in force (article 25 of R.D. 1716/2004 (ES)).
The fees are calculated annually on the basis of the Corporation's budget of income and expenditure, which sets out the resources needed to fulfil its functions. Following their approval by the Board of Directors and their presentation to the General Assembly, the proposal is submitted to the Ministry for the Ecological Transition and the Demographic Challenge for approval by Ministerial Order.
The regulations also provide for the possibility of establishing extraordinary fees when necessary to preserve the Corporation's financial equilibrium.
This funding model ensures that CORES has the resources needed to meet its operating and financial expenses and to effectively fulfil the functions entrusted to it.
All documentation in this section is in its original language (Spanish)
CORES' activity is financed through the regulated fees paid by the obliged entities
The monthly collection system supports efficient liquidity management and reduces operating funding needs
CORES' fee has a very limited impact on the final retail price of petroleum products
