However, the average price the company received for power sales in the third quarter improved by 5% compared to the first two quarters, due to the hedging agreement that it signed in July 2009 with Iberdrola Generación, which has limited further price falls, and higher prices in the US and UK. Iberdrola Renovables expects sharply better results in the fourth quarter, due to the better prices, a 30% increase in generation and continued government financing in the US.
The
