Spanish government to present measures to bring down soaring electricity prices

Sánchez expressed in the interview with El País his commitment to bring the electricity bill by the end of this year to the levels of 2018.  [EFE/Juan Carlos Hidalgo]

Spain’s executive will “imminently” present a new package of urgent measures to reduce the fast increase of electricity prices on the wholesale market, the Spanish government announced on Tuesday (7 September). EURACTIV’s partner EFE reports. 

The government’s spokeswoman and Territorial Policy Minister Isabel Rodríguez said the executive is working hard to fulfil the commitment expressed last week by Spain’s socialist Prime Minister, Pedro Sánchez.

In an interview over the weekend, Sánchez said the government is about to launch structural reforms in a bid to bring down the soaring cost of power in Spain, experienced in June, July and August.

Record inflation rate

Spanish inflation rose to 3.3% in August, the highest level since 2012, mainly due to the record increase in electricity prices, the Spanish Statistical Institute (INE) reported.

In his  interview with El País, Sánchez committed to bring down electricity bills to the levels of 2018 by the end of this year.

Sánchez also expressed his confidence that there will be a “fair recovery” in Spain after the effects of the coronavirus pandemic, El País reported.

According to a poll published on Monday (6 September) by El Mundo, 84.2% of Spaniards say the government has not done enough to alleviate the impact the rise in energy prices has had on households.

[Edited by Frédéric Simon]

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