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ARCHIVED - Electricity companies threaten to shut down nuclear power plants in Spain
The central government in Spain has agreed on several new measures to lower the cost of electricity bills
The Spanish Nuclear Industry Forum has expressed its resounding rejection of the package of measures approved on Tuesday September 14 to combat the soaring price of electricity, amid fears that the new taxation systems unfairly target their sector.
After electric prices in Spain reached record highs in August, the Spanish government agreed this week to reduce the bill passed on to consumers by putting a cap on the price of gas, forcing electricity companies to sell part of the energy they generate at a fixed price and implementing tax breaks.
The government has proposed that 90 per cent of the funds generated from CO2 emission rights, a levy placed on polluting generators for each ton of gas emitted, be redirected back into National Fund for the Sustainability of the Electrical System (Fnsse), something which nuclear power companies argue will cripple them if applied retroactively. They have now threatened to close the nuclear power plants earlier than agreed if the central government approves the measures, claiming that they signed an agreement with the European Union back in 2003 regarding CO2 emissions.
The Ministry of Ecological Transition has debunked the claim of the nuclear power companies, saying that the new measures would actually benefit them given the general rise in CO2 emissions, since they will be permitted to retain 10 per cent of the income generated when the gas is above 20 euros per ton.
In any case, the Spanish government has assured that this is a temporary measure, put in place only until March 2022.
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