Spain’s power supply almost fully restored after one of EU’s worst blackouts
Click here to read all our reports related to Spain’s blackout. Power was almost entirely restored across Spain by early Tuesday morning, though many questions...
Electricity
Power blackout affects 60 million people across Spain and Portugal
Click here to read all our reports related to Spain’s blackout. At 12.30pm on Monday, a massive power outage swept across a large stretch of...
The rain in Spain … has also helped to drive down inflation
Spain’s inflation rate dropped in March to its lowest point since October, driven by increased hydroelectric power production following heavy rainfall, which helped lower electricity...
Spain to ask EU for electricity price cap to be extended until end of 2024
The Spanish government said on Monday that it will be asking ask the EU to extend a cap on electricity prices until the end of...
Spain & Portugal’s electricity cost-cutting plan gets EU approval
Spain and Portugal have succeeded in reaching an agreement with the European Commission to cut electricity prices across the Iberian Peninsula, under an exemption allowing them to separate...
Spain & Portugal ‘energy island’ send proposal to EU to lower electricity costs
Spain and Portugal sent Brussels on Thursday their joint proposal for setting a maximum price of €30 per megawatt (MWh) for gas-fired power plants to lower...
Spain announces €6 billion support plan in direct aid, tax breaks & fuel subsidies
Spanish Prime Minister Pedro Sánchez has announced a package of economic support measures worth €6 billion in direct aid, tax breaks and fuel subsidies, plus a further...
Spain & Portugal get OK from EU to temporarily manage own electricity prices
EU leaders have given Spain and Portugal special permission to present a plan to temporarily manage their own electricity prices, the European Commission President Ursula von...
Spanish government approves new plan to reduce soaring energy bills
The Spanish cabinet has approved plans to significantly reduce energy taxes for consumers and set a temporary windfall tax on the gains of energy companies....
VAT on electricity more than halved in response to escalating prices
The Spanish government has confirmed a significant reduction in IVA (VAT) on electricity, more than halving the existing rate of 21% to just 10%. The...
