Spanish Government Will ‘Probably’ Stall Rising Electricity Prices

Spanish Government Will ‘Probably’ Stall Rising Electricity Prices.

The Spanish government will ‘probably’ have to implement temporary measures in a bid to stall rising electricity prices.

Electricity prices have spiked yet again and Teresa Ribera, the vice-president and minister for Ecological Transition has admitted that the Spanish government will “probably” have to implement temporary measures in a bid to stall rising electricity prices. This move could possibly involve taxes being suspended.

Ribera has not commented on which taxes could possibly be suspended but hinted when she commented that:  “We have already done it and we will probably have to do it in the immediate future” as reported 20 minutes.

In 2018 the government suspended the 7 per cent tax on the generation of electricity for a period of six months. They also disabled the ‘green cent’ which is intended for fossil fuels that are used to generate electricity.

According to Ribera the government has not ruled out the possibility of the suspension of: “some of the fiscal elements, on an exceptional and provisional basis.”

Only a month ago though the PSOE rejected the PP’s proposal in Congress to reduce electricity bills by eliminating taxes on electricity. This measure would have helped with the current hikes in prices.

The new tariff system has only been in force a few weeks now and has left many people confused on how to fit daily life around the new tariff, in a bid to save money. Spain is currently hit with the most expensive electricity price in Europe.

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