Spain has announced a €3bn raid on energy companies’ profits with country’s nuclear industry saying operations could halt if the plans go ahead.
Measures were agreed by prime minister Pedro Sánchez and his cabinet include the creation of a new tax on energy firms’ windfall gains which will last until the end of March and is expected to generate €2.6bn, the ministry for ecological transition said in a statement.
This money will then be poured back to consumers over the next six months to help reduce monthly electricity bills, the statement added.
Measures were agreed by prime minister Pedro Sánchez and his cabinet include the creation of a new tax on energy firms’ windfall gains which will last until the end of March and is expected to generate €2.6bn, the ministry for ecological transition said in a statement.
This money will then be poured back to consumers over the next six months to help reduce monthly electricity bills, the statement added.
Want to keep reading?
Register free and get full access to NucNet for 14 days. No card required.
- Daily news briefing on the global nuclear industry
- Weekly, monthly and topical newsletters
- 24/7 coverage during nuclear incidents and safety events
- Full searchable archive, 30,000+ articles since 1991
- SMR and AMR project database
- Analysis, Focus pieces and infographics
- NucNet Style Guide for nuclear reporters and communicators
After the trial, keep a free account for a newsletter and a complimentary Plus article every two weeks. Or see our subscription plans for individuals and organisations.
See subscription options
