THE GUARDIAN

Spanish news Spain cuts soaring energy bills with emergency measures

Spain cuts soaring energy bills with emergency measures

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THE GUARDIAN

Government expects to refocus € 2 . 6bn through firms to consumers within next six months, with typical monthly bill falling by 22%

Spain’ ersus government has passed crisis measures to reduce sky-high electric bills by redirecting billions of pounds in extraordinary profits through energy companies to customers and capping increases within gas prices.

In the first such wide response in Europe, exactly where at wholesale prices have doubled in a given time , Spain plans in order to limit the profits that power companies using hydropower as well as other renewable power generators can make through surging electricity prices.

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