Europe | Price Cap On Power
BBVA Research | European Commission proposals to mitigate the impact of electricity price inflation on households disposable income and business costs must consider how they affect security of supply and decarbonization.
electricity prices
Electricity sector: Moncloa looks to impose a charge on companies via decree law. We prefer Iberdrola and Ecoener
Banc Sabadell | The Government is looking for the “quickest” formula to increase tax pressure on the big electricity companies. The most feasible and fast option would be to implement a surcharge on corporate tax via a decree law, with which the the energy firms’ ‘windfall profits’ from the rise in prices would be additionally taxed. Given the technical complexity of this, it is being considered whether to include it…
At last!… The Regulated Electricity Tariff Will Finally Be Reformed
Fernando González Urbaneja | It’s coming up to a year since gas became more expensive on the international markets, which in Spain led to an unbridled rise in the price of electricity for a large number of families and companies. A price hike that had a spectacular and artificial impact on the CPI, with second-round effects on all consumer prices and on the direct costs of production processes. At the…
The Excessive Profits Of The Electricity Companies, Where Are They?
Fernando González Urbaneja | Several ministers in conversations with journalists have complained about the excessive, extraordinary, abusive… profits of the electricity companies. These adjectives have been heard in Parliament from the mouths of more than a few dubiously documented parliamentarians. It would be desirable for such descriptions to be followed by explanations and figures, because where there are no accounts, stories dominate. To begin with, it would be useful to…
Copying The Portuguese Regulated Electricity Tariff System In Spain Would Reduce The Price By 40%, According To The Chairman Of Iberdrola
The chairman of Iberdrola, Ignacio Sánchez Galán, yesterday called for a modification of the regulated electricity tariff (PVPC): “We have a differential element which is the design of our regulated tariff, unique in Europe. If a design similar to that of other countries is made, the regulated tariff, which only affects ten percent of the energy consumed in Spain, could fall by between 30% and 40%”, he told the media…
The Price Of Electricity Soars And Reaches An All-Time High This Monday, At 442.54 €/MWh
The average price of electricity in the wholesale market will rise this Monday by 16.76% and will mark its most expensive record in history, an average of 442 euros/MWh. This is amid the heat of the rise in the price of natural gas due to the impact of the war in Ukraine. It will thus surpass the previous all-time high of 383.67 euros/MWh, which was reached on 23 December. Furthermore,…
Electricity Prices in Spain And Portugal Are The Most Sensitive To Those Of Gas
Jorge Mario Uribe Gil via The Conversation | High electricity prices have been at the center of public opinion in the world and particularly in Europe for several months. The huge upward variations that have been recorded since the first half of 2021, and that promise to become more pronounced as the winter progresses, threaten the overall price stability of the region. This rise may lead to situations of energy…
“With Electricity Consumption 17% Lower Than In 2020, We Have Paid 25% More”
Julia Pastor | Carmen Pinto is the CEO of Nicolás Correa, which manufactures milling machines for half the world. Q: How much of its production stays here in Spain? A: 90% of what is made in the group is exported, 25% to China, another very important part to the European markets, Germany, Italy, the UK and France, the weight of which varies from year to year. And then there is…
Europe: Bad Decisions And Lack Of Skill Explain The Rise In Electricity Prices
Clemente Polo | It is not the ‘markets’ but rather political decisions and a lack of skill in playing the game of market diplomacy that are behind the sharp rise in electricity prices in Spain. Neither EU institutions nor European governments, including Spain’s, have found the right formula to improve the reduction of greenhouse gas emissions without endangering the welfare of several hundred million citizens. Most member states are highly…
The Price Of Electricity And Alternative Realities
Fernando González Urbaneja | The Sánchez government hopes to have avoided the electoral cost of the electricity price hike, as it is confident it has conveyed to public opinion that the final bill to the citizen has not increased. The daily bombardment over several months with the spectacular rise in wholesale prices (which the vast majority do not understand how it affects them) was countered with the commitment from the…