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…

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…

The financial entity calculates the impact that the current energy price crisis will represent for the main European countries at around 107,000 million euros. Spain is not the country where this shock to the domestic consumer will be the greatest since in theUk will amount to 27,700 million euros, while in Italy it will be 24,500 million euros, in Germany 23,000 million euros and in France 22,100 million euros.

Oriol Carreras Baquer & Eduard LLorens i Jimeno (CaixaBank) | The price of electricity, something that would usually barely catch the reader’s attention, has populated the headlines and been a topic of dinner conversations since the middle of the year. This change is not a trivial one: the price of electricity soared beginning in July, and by October it had almost quadrupled the average for 2018-2019. What is the reason for this increase and what impact will it have on the economy? These are the questions that this article attempts to answer.

Fernando González Urbaneja (La República) | The government and the electricity companies, more specifically Iberdrola and Endesa, have accepted a state of conflict. And they are acting accordingly, to the detriment of everyone else. What could have been an opportunity to cooperate for the benefit of the community has turned into a conflict of power with conflicting egos. The two major electricity companies did not participate in this week’s renewable…

In September, Spanish industry paid the most expensive energy price in Europe: 102.55 euros MW/h, compared to 43.83 euros in France and 69.19 euros in Germany, El Mundo reports. These prices are an inevitable death sentence, for example, for the over 600 workers at Alcoa’s aluminium factory in San Ciprian (Lugo). They have been demonstrating for weeks, demanding a solution to the announced closure of the plant and a price…

The Spanish government has entered the electricity sector like a bull in a china shop. On the wholesale market the price of energy continues to reach record highs day after day. Meanwhile the Expansión newspaper reports that last weekend, for the first time in history, several wind farms and photovoltaic plants preferred to shut down rather than sell electricity at a loss. According to the daily 5 Días, more than…

Naturgy, the third Spanish electricity company in terms of number of customers, behind Endesa and Iberdrola, is freezing electricity tariffs at the levels they were before the price hikes. This is to prevent users from suffering the uncontrolled increases the market is experiencing. To this end, from 15 September, it is offering to apply a cap of 60 euros per megawatt hour to all customers currently on regulated tariffs. Beyond…