Spanish Minister  Energy: Additional measures for high energy prices

Spain plans to introduce “additional measures” in a controversial bill to recoup profits recorded by electricity companies, in a bid to protect consumers from high energy prices, Spanish Energy and Environment Minister Teresa Ribera said on Thursday.

Companies, including the largest wind energy company Iberdrola, have denounced the decree to the European Union, which was part of Spain’s bid to tackle global energy prices, which was partly driven by high demand as a result of economic recovery. from COVID-19 and low gas reserves.

The bill originally provided for the return of part of the companies’ profits of 2.6 billion euros, but the cost is now likely to be higher because it is linked to gas prices which have risen even more since the bill was introduced.

Ribera told lawmakers she hoped to reach “additional measures” in the coming weeks, adding on her Twitter account that the measures would set “reasonable prices in the industry and more protection for vulnerable consumers”.

Source: KYPE

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