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Spain could extend the cut in energy prices until December -Expansión

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MADRID, March 14 (Reuters) – The Spanish government could extend restrictions on energy prices due to expire in June until December, as prices have reached record highs since the Russian invasion of Ukraine, Expansión newspaper reported on Monday citing to the Minister of Ecological Transition, Teresa Ribera.

The President of the Government, Pedro Sánchez, announced this month a reduction in taxes on energy, as well as a brake on the benefits of renewable and nuclear power plants until June.

On the other hand, Ribera said that the government is gaining support for the proposal it made to its European partners to change the price of energy, lowering the burden of natural gas costs, Expansión reported.

The changes would reduce profits for power companies, he told the newspaper.

Russia’s invasion of Ukraine has stoked fears that energy imports that Europe relies on to power its economy and homes will be cut off, prompting European countries to take steps to cushion the effect of the rise. of gas prices to consumers.

(Reporting by Inti Landauro; editing by Jason Neely, converted by José Muñoz at the Gdańsk newsroom)

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