Articles by Julia

wholeshale electricity market

The Spanish Government Aims To Cut Electricity Bills By 12%, Saving €1.257 Bn

The Council of Ministers, in an extraordinary meeting yesterday, Thursday, approved a Royal Decree-Law “as a matter of urgency” to reduce the taxes applied to power supply, and thus the electricity price for households, the self-employed, SMEs and companies as a whole. It involves lowering VAT on electricity from 21% to 10% until end-year and suspending the 7% tax on electricity generation for three months. These measures, agreed between the…