Government to contribute at least 670 million to avert electricity system deficit

The Ministry for Ecological Transition will approve two extraordinary credits worth 220 and 450 million euros to offset the 80% cut in fees for electrointensive industry and the suspension of the 7% IVPEE tax in 2026. These measures are part of the Real Decreto Ley approved by the Council of Ministers on Friday, published in the BOE on Saturday, and effective from Sunday.

The Spanish government has approved a Real Decreto Ley as part of the Comprehensive Response Plan to the Crisis in the Middle East, which includes compensations for the electricity system. The Ministry for Ecological Transition, led by Sara Aagesen, will release an extraordinary credit of 220 million euros to cover the cost of the 80% reduction in access fees for large electrointensive industry until December 31, 2026. The National Commission on Markets and Competition (CNMC) must account for it when settling system accounts, as fees are part of the fixed portion of electricity bills, along with charges.

مقالات ذات صلة

Colombian Energy Minister Edwin Palma announces Air-e financial crisis measures and El Niño preparations at a press conference.
صورة مولدة بواسطة الذكاء الاصطناعي

Energy Minister Palma advances Air-e crisis measures amid El Niño threat

من إعداد الذكاء الاصطناعي صورة مولدة بواسطة الذكاء الاصطناعي

Colombia’s Mines and Energy Minister Edwin Palma defended his handling of the Air-e financial crisis—ongoing since early 2026 with $1.6 trillion in debts—and announced key steps: a targeted $8/kWh surcharge on high-income users, a Creg proposal for more energy contracting ahead of El Niño, and calls for structural reforms in the Caribbean region's electricity sector.

Chile's Superintendencia de Electricidad y Combustibles (SEC) has instructed electricity distributors to delay billing adjustments for the 2020-2024 period until July 2026, instead of April. The decision follows requests from lawmakers and industry groups amid economic pressures. Energy Minister Ximena Rincón called it positive news for Chilean families.

من إعداد الذكاء الاصطناعي

Spain's Council of Ministers was delayed over two hours on Friday due to disagreements between PSOE and Sumar on housing measures amid the Iran war energy crisis. Pedro Sánchez negotiated directly with Yolanda Díaz to split the package into two decrees: a main one with tax cuts worth 5 billion euros and another extending rent contracts. Both take effect tomorrow, though the housing decree may fail in Congress.

The European Commission, led by Ursula von der Leyen, proposes reducing electricity taxes, reviewing the carbon emissions market, and avoiding premature nuclear plant closures to lower energy prices amid the Middle East war. These measures address surging oil prices due to the Strait of Hormuz closure, costing 6 billion euros since February 28. The EU meanwhile rejects military involvement in the conflict despite pressure from Donald Trump.

من إعداد الذكاء الاصطناعي

José Antonio Kast's government withdrew 47 environmental and electrical supreme decrees from the Comptroller General of the Republic that were pushed by the previous administration. The ministries of Environment and Energy describe it as a routine review. Critics see it as a setback.

Spain's CNMC has opened a very serious sanction file, dated April 23, against Iberdrola España and Iberdrola Generación Nuclear for possible unauthorized production cuts during the April 28, 2025 blackout—the third such case amid 56 total files opened recently in the ongoing investigation.

من إعداد الذكاء الاصطناعي

After the Constitutional Court struck down the December 2025 emergency economic decree, the Colombian government will present a tax reform to raise $16 trillion. Finance Minister Germán Ávila and President Gustavo Petro confirmed the plan in response to the fiscal imbalance. The measure aims to avoid cuts to social spending and address inherited deficits.

 

 

 

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