Red Eléctrica president’s salary and role under scrutiny after power outage

Corredor, born in Madrid in 1968, holds a law degree from the Autonomous University of Madrid, earned in 1991. She entered the Spanish Registry of Property and Mercantile Registry through a competitive examination two years later, a profession with which she has been closely associated throughout her career. She has also worked as an associate professor of civil law.

Her career includes experience in real estate, urban planning, civil, commercial, and administrative fields. Prior to her role at Red Eléctrica, Corredor served as Minister of Housing in the government of José Luis Rodríguez Zapatero from 2008 to 2010, and later as Secretary of State for Housing and Urban Development until 2011. She has also been a Member of Parliament for Madrid, held responsibilities related to housing within the PSOE party, and served as president of the Pablo Iglesias Foundation. In February 2020, the board of directors of Red Eléctrica approved her appointment as non-executive president, replacing Jordi Sevilla.

Corredor’s compensation has also become a subject of discussion. According to the company’s latest published data for the fiscal year 2025, she received €546,000: €530,000 in fixed compensation and an additional €16,000 for attending board meetings. She has maintained this level of compensation since 2023.

Redeia manages electricity transmission infrastructure and other networks. Its ownership is not entirely public, with the Sociedad Estatal de Participaciones Industriales (SEPI) holding 20%, and the remaining 80% held by private capital and traded on the stock exchange. This makes it a publicly listed company with state participation, rather than a fully public enterprise.

Following the April 28, 2025, blackout, the operation of the electrical system and the actions of its various participants were subject to review. A government report presented in June concluded that the collapse had multiple causes, including insufficient voltage control capacity, system oscillations, and the disconnection of generation facilities. The report examined the decisions of the system operator and the behavior of various power plants, and did not attribute the incident to a single cause or person.