The government passed two bills more than a year ago. significant changes in the costs borne by the electrical system and they will allow putting it down electricity bill two regulations whose process in Parliament has been tumultuous in recent months with many pauses and turmoil, and is now paralyzed again until further notice. However, this order may come shortly after, with the aim of ending these reforms. going next year.
One of the bills foresees the creation of the new National Fund for the Sustainability of the Electricity System (FNSSE), so that the electricity bill stop bearing the full cost of the fee renewable regulated and partially transferred to oil and gas companies. The other project means a cut in revenues for large power companies’ nuclear and hydroelectric power plants, as well as CO2 not emitted by wind and solar power plants.
The government reactivated the parliamentary process for both projects in mid-June so that the Congressional Ecological Transition Committee would quickly approve the regulations and send them to the Senate for final approval. At the end of the same June, however, the votes were delayed and the projects refrozen to prevent the implementation of these laws from undermining some of the measures of the anti-crisis decree which the Government had approved at the time. to lower the price of fuel and gas.
In the documents accompanying the General Government Budgets (PGE) project for 2023, the government envisages: the income and cost scheme of the electrical system will likely be changed Referring to the creation of the FNSS and the cut to the charge for CO2 not emitted from the electricity sector, during the next fiscal year as two bills are processed in the Cortes Generales.
“The ratification of both regulations will require relevant changes in the financing mechanisms of the electricity system,” the executive sums up in the ‘Yellow Book’ of public accounts, “all these, reduce costs which has hitherto been included in the electricity bill and reduces the burden carried by consumers”.
electric to gas
Currently, the annual cost of renewable energies subject to the old regulation of approximately 7,000 million is fully reflected in the electricity bill. The aim of the Government to establish the Fund for the Sustainability of the Electricity System, share this cost with oil and gas companies as well.
With this, some of that millionaire burden will be subtracted, lowering the electricity bill, but at a time when the Government agrees, it will be partially transferred to the fuel price and gas bill. extraordinary measures to reduce fuel (with a discount of 20 cents per liter) and gas bill (with a halt to regulated gas rate increases or now with a VAT reduction).
According to the estimates the government considered when approving the bills, the implementation of the FNSSE would serve to burden the electricity system with a cost of 663m euros to be transferred to oil and gas companies this year, and these costs would exceed these costs. to your customers. The bill for reducing the revenues of electricity companies due to CO2 not originating from nuclear, hydroelectric and renewable energy would mean a cut in the revenues of the companies and an injection of 483 million euros into the electricity system accounts. In total, some 1,140 million will stop being charged to extra bills electricity in a year
1.1 billion
The PGE 2023 project presented by the government this Thursday, 1,100 million euro injection Proceeds from auctions of CO2 emission rights to be used to finance electricity system costs. Thus, the Executive is equal to the ceiling that state budgets have already included this year.
The Ministry of Finance, led by María Jesús Montero, is leaving open the option to increase this 1,100 million transfer. And if the revenue from the auctions exceeds this amount, the Government create credits until you reach the limit of the total amounts obtained from the offers By issuing an order of the Minister of Finance.