Banco Sabadell: According to the press, if the government does not extend by the end of the year, by means of a decree, some of the tax measures adopted after the Ukraine crisis (such as VAT on electricity and gas bills of 5% as opposed to 21% previously; 0.5% excise tax on electricity against 5% previously or the 15% cap on quarterly gas reviews), electricity and gas prices would rise...

Banco Sabadell: According to information in the press, the EC in a report sent to the Council and the European Parliament is calling for the withdrawal of emergency interventions in the wholesale market, such as the cap on income in the electricity market (€180/MWh in Europe and €67/MWh in Spain) for infra-marginal technologies (renewable, hydro and nuclear). The EC considers that electricity price peaks are not expected next winter like...

Lidia Conde (Francfort) | Veronika Grimm (Rendsburg, Germany, 1971) sits on the German Federal Government’s Advisory Council of Economists, which analyses the country’s economic development on the basis of scientific criteria and publishes a report every autumn in which it expresses its analyses and forecasts. Following its opinion, the government in turn responds to the council’s recommendations. Now, Grimm predicts that the economy of the continent’s leading power will shrink...

The Ministry for Ecological Transition has informed the Council of Ministers of the proposed reform of the European wholesale electricity market that the government has sent to Brussels today. Following the economic measures that the Spanish government has proposed, and which Brussels “has accepted as its own”, according to the Secretary of State for Energy, Sara Aagesen, during the presentation of the proposal to the media, the “conceptual” debate on...

Renta 4 | The latest report published by Levelten, a renewable transactions consultant and PPA market operator, states that the prices of PPAs signed in Europe reached €57/MWh (blended solar and wind), which represents an increase of 27.5% vs. the first quarter of 2021 and 8.6% in this quarter alone. Solar PPAs in Spain averaged €38/MWh, 12% higher (€4/MWh) than in 1Q21, being the country with the lowest solar PPA...

Julián González (Capital Madrid) | The war in Ukraine has brought economic and energy chaos to Spain and the whole of Europe. Brussels does not rule out the possibility of a collapse at all levels due to the upward spiral of both oil and gas prices. And it has forced many countries to prepare to face the biggest energy crisis, even greater than those in 1973 and 1979. The European...