Government will pay for new electricity grids with European funds to avoid increasing light

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The government last March Electricity Planning Until 2026considering the expansion and modernization of high-voltage networks in the coming years. planned investments of approximately 7,000 million The euro is coming to facilitate connectivity to the grid of the new renewable energy boom. Some of the investments that Red Eléctrica de España (REE) has to make and all electricity consumers pay with their electricity bills through tolls, one of the concepts of regulated costs of the electricity bill.

Less than a year after approval, the Execution prepare an update of this roadmap now It will include new actions that are considered urgent and strategic and identified post-launch to facilitate the energy transition and accelerate industrialization in the midst of a crisis. macro background For the electricity transmission network However, the Government does not want to reflect the new costs created by these changes to the plan, which should be approved in the first quarter of this year, on the electricity bill.

The plans of the Ministry of Ecological Transition, led by Vice President Teresa Ribera, continue pay some of the new ones electrical networks with European funds to avoid financing with the tolls included in the receipt. and avoid raising the light even higher when initiating a series of measures to precisely lower its price.

“For the purpose of avoiding the impact on tolls “Consumers have created the possibility that these actions will be funded under the Recovery, Transformation and Resilience Plan.” macro decree The anti-crisis measures approved by the Council of Ministers last week, pointing to the “exceptional nature” of the use of European funds.

over the limit

This Investments made by RE in the transmission grid have an annual limit. so as not to trigger retaliation for work falling on the electricity bill. Investments exceeding 0.065% of the gross domestic product (currently around 800 million Euros) each year cannot be made.

New investments that the government plans to include in the Planning reform by 2026 will not be taken into account in calculating the maximum annual investment limit in the network, so as not to interrupt other work already planned. Actually, they will not calculate neither the European funds used nor the portion of the investment in newly added infrastructures not covered by the funds.

In addition to amending the 2021-2026 Electricity Planning, which the executive is working on, to include new actions, the Ministry plans to initiate the process. Confirm a completely new planning for the period 2024-2029 it wants to modernize its transport network and also partially finance it with community funds corresponding to the Recovery Plan.

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