After more than half a year in the drawer, Congress of Deputies Ecological Transition Commission decided to ‘extremely’ resurrect before the summer holidays, two bills approved by the Government more than a year ago to reform the receipt structure through two channels, on the one hand, cutting extraordinary income, rising prices of CO2 emission rights and on the other hand, the fixed cost of the electricity bill transferring some of its costs to gas and fuel oil.
“They come in final stage of discussion of changes in the presentation with the idea that they stay Approved in June“, says the chairman of that commission, deputy of United We Can, Juan Lopez de Uralde. The presentation will be on June 21 and will go to the Senate at the earliest (the following week) after it has been approved by the committee. autumnwill delay activation. Both measures are intended Reducing the domestic bill by 15% and large consumers 5%but current crisis overrides previous calculations.
The first of the projects is a shared standard. Philosophy by royal decree law valid until the end of the year reducing the extraordinary profits of electricity companies due to the increase in natural gas prices; however, in this case, it reduces the extra revenues of non-emitting (hydraulic, renewable or nuclear) power plants due to the increase in the price of CO2 emission rights. If the average carbon emissions were 5.83 euros per tonne in 2018, it reached 53.55 euros in 2021 and 83.20 euros in 2022, but unlike gas, the increase in CO2 is expected to remain part of the European decarbonisation target. 2050.
between 43 changes in the articles of this rule front arguing the same two issues. A [Partido Popular, PNV, Ciudadanos, Bloque y PDeCat] power plants that have fixed price bilateral contracts, something Endesa president José Bogas relied on after what happened months ago with a similar norm that cut revenue due to the surge in gas. In this case, the Government had to amend the royal decree weeks after ratifying it after industry turmoil led by Iberdrola president Ignacio Sánchez Galán.
With cuts to electricity companies due to the increase in CO2, the Government initially planned to raise 1,000 million euros, later reduced to 625 million euros and without fixed contracts will be further reduced. In a similar regulation regarding gas, an application must be made after eight months, neither the government nor CNMC how much income he earned and companies brag that it doesn’t affect their accounts.
other change [Partido Popular, Ciudadanos y PDeCat] the cut was made Renewable power plants installed before 2000, and must not be earlier than 2003, which is the date that appears in the current text. “The law determines 2003 because then Emissions trading in Europebut it was three years before it became known that trade would be established through the Green Paper, so between 2000 and 2003 investors they already knew it would be implemented”, says the PP deputy, Diego Gago.
After all, maybe the second bill more controversial because he is facing the electricity companies gas and oil companies by gradually distributing the approximately 7,000 million electricity customers pay in premiums to renewables (via utility bills) across the entire energy sector Five years, at a rate of 20% per year. It’s about creating what’s called the National Fund for Electric System Sustainability, which will be fueled mainly by contributions from energy supply companies. Most Affected oil companies According to the economic report of the draft law, it corresponds to 43.7%, electricity companies 31.50% and gas companies 24.80%.
Companies will pass the costs on to their customers. Thus, the oil industry predicted a year ago that fuel would increase. 7 cents after 5 yearsAlthough there are those who seem almost anecdotal in the current situation of prices close to 2 euros and raise their hand if the measure comes into force in the middle of the crisis, others point out that the first year is the first year. the increase in fuel prices will not be noticed and the decrease in light will be seen.
There are 70 changes in FNSSE. Among them, some [Partido Popular, JxCat y PDeCat] They argue that this cost is passed on to the company. General budgets of the state (PGE), according to the memory of the bill, something the Government rejected, because it was “not acceptable in terms of income and expenses”. Moreover, remove one of the targets of text that “give visible, stable and predictable signals” increase electricity against fossil fuels energy transitionAccording to the ERC attorney, Joan Capdevilla.
Area Industry They are surprised that an enterprise they thought was dead is reactivated, but at least they believe it will be abandoned. exempt from industrial gas instead of establishing compensation as seen in the current text [PP, PDeCat, PNV y Ciudadanos lo incluyen en enmiendas]. By the way, independent marketers integrated electricity ACIEAsk them to explain whether they will be faced with a fixed amount each quarter even if they are not charged, because they think this will transfer a “risk” to the industry that “the system must bear”.