Aelec to Challenge 1.2% Energy Tax Before National Court Amid Bank and Utility Appeals

Following a rare government move, two banking employees filed an appeal this week against the tax on CECA and AEB while El Periódico confirms that on Thursday Aelec, the association representing large electricity companies, announced plans to challenge the levy before Spain’s National Court. The tax, set at 1.2% of the income of electricity firms for the years 2022 and 2023, has sparked a wave of legal and political debate within the energy sector. Iberdrola, Endesa, and EDP are among the utilities that have surfaced in discussions linked to this new charge, underscoring its potential reach across major players in the market. (Source: El Periódico)