Some people have welcomed this decision of the government. Javier García Breva said, “No Spanish government has dared to take the energy companies that control our market as an oligarchy, so I consider it historic, but obviously it’s a lot in these companies.” Something is there.” It’s annoying.” Former Spanish parliamentarian and renewable energy expert.
But Edmundo Bal, an opposition politician from the Ciudadanos party, said Mr Sanchez was applying a “patch” to the energy problem quickly, rather than looking for a long-term solution.
Electric companies said the move would be counterproductive. Natural gas prices have risen across Europe due to a variety of factors, including a resurgence of global demand following pandemic lockdowns and a winter chill reducing storage levels.
Iberdrola, one of Spain’s three major electric companies, said energy prices were rising due to “international factors” and would not hinder government action. The union representing Spain’s nuclear power producers threatened suspend operations In reply.
Mr. Sanchez pledged to reduce the electricity rates paid by consumers to 2018 levels, excluding inflation. The measures approved on Tuesday include a cut in electricity generation tax, which is to be paid by consumers by the end of this year. In June, the government reduced the value-added tax paid on electricity bills from 21 per cent to 10 per cent.