Spanish Government Launches Campaign To Lower The Price Of Electricity

Spanish Government Launches Campaign To Lower The Price Of Electricity. image: Wikipedia

Spanish Government Launches Campaign To Lower The Price Of Electricity.

The draft proposal will be presented on Tuesday to the Council of Ministers and may reduce the price of electricity bills by as much as 5%.

The Ministry for Ecological Transition will present the draft proposal to the Council of Ministers on Tuesday, June 1 from which it is intended to end the so-called ‘benefits that have fallen from the sky’ in reference to the excess remuneration that companies get for electricity produced by their gas and nuclear plants.

The law is part of the government agreement signed by the parties of the Unidas Podemos and PSOE. However, it is not until now that, in the midst of escalating electricity prices, *Teresa Ribera has brought the matter to the attention of the Council of Ministers.

“The Government is concerned about the impact of the price of Co2 [carbon dioxide] on the price of electricity and its possible consequences on the recovery of the domestic and industrial economies, ” sources from the team of Vice President Teresa Rivera told El País.

*Teresa Ribera Rodríguez is a Spanish jurist, university professor, and politician who has served as the Minister for the Ecological Transition of Spain since 2018.

According to a statement by the central government, “the new electricity bill, which will come into effect on June 1, will promote energy savings, efficiency, self-consumption and the use of electric vehicles.”

The idea is that if people are encouraged to use electricity at times of less demand, it will reduce the need to invest in infrastructure for the transmission and distribution of electric supply, and in turn allow them to save on their bills because these investments are paid for by consumers.

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Ron Howells

Ron actually started his working career as an Ophthalmic Technician- things changed when, during a band rehearsal, his amplifier blew up and he couldn’t get it fixed so he took a course at Birmingham University and ended up doing a degree course. He built up a chain of electronics stores and sold them as a franchise over 35 years ago. After five years touring the world Ron decided to move to Spain with his wife and son, a place they had visited over the years, and only bought the villa they live in because it has a guitar-shaped swimming pool!. Playing the guitar since the age of 7, he can often be seen, (and heard!) at beach bars and clubs along the length of the coast. He has always been interested in the news and constantly thrives to present his articles in an interesting and engaging way.