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.

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