Ribera announces measures to lower the price of electricity

Ribera announces measures to lower the price of electricity

Minister Teresa Ribera. Image: La Moncloa

The Minister for Ecological Transition and the Demographic Challenge, Teresa Ribera, has announced a battery of measures to combat high electricity prices and energy poverty.

The measures include the forthcoming approval of a vital minimum supply, the extension of the suspension of the seven per cent generation tax until the end of the year, or the application of measures to reduce the volatility of the regulated tariff and the volume of energy that is generated.

The vice president also supported the formation in Congress of a specific Commission to study the causes of the rise in electricity.

“We are working on structural measures, together with temporary measures and with particular monitoring of the social impact that the most turbulent moments of this transition can have. That is why we must continue to deepen, without losing sight of the redistributive impact that costs have to convert this transformation full of great benefits in the medium term into something bearable for all citizens, something socially fair, not only thinking about the signals to investors, thinking above all about citizens,” she said.

“We are going to engage in battle with our European colleagues, but this Government will never promote the adoption of measures that we know in advance are directly contrary to Community law, because it is the worst thing that can be done. There is nothing more harmful to the citizens and the economic fabric of this country to adopt measures that are directly contrary to the community framework. It ends up becoming a loss of confidence in the country, it ends up becoming fines,” she added on August 30.

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Deirdre Tynan

Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.