The price of electricity in Spain has risen by 47% in just one year. From 50 euros per megawatt hour (MWh) in the wholesale market has already exceeded 300 euros, reaching a historical record of accuracy. This accuracy is reflected in all sectors of the economy and especially in the market where prices are now reaching new heights and in view of Christmas.
Despite repeated assurances from the government that Spanish households will pay the same electricity bill at the end of 2021 as in 2018, it is estimated that at least ten million households on the open market – those without an agreed ceiling on electricity companies – will close in 2021 by paying much higher price for electricity compared to 2018. This is despite the fact that since last summer the government has implemented serious reductions to try to reduce the pressure, such as reducing VAT to 8% and reducing and in taxation.
Madrid / Response: Long Gifts