Spain is ready to review whether or not utilities ought to pay further tax amid surging energy costs, in keeping with Deputy Prime Minister Teresa Ribera.

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(Bloomberg) — Spain is ready to review whether or not utilities ought to pay further tax amid surging energy costs, in keeping with Deputy Prime Minister Teresa Ribera.
Article content material
“It’ll be essential to see whether or not we want further fiscal measures for utilities,” Ribera, who’s additionally in cost with power coverage, stated in an interview with state-owned broadcaster TVE Tuesday.
The talk on the nation’s funds is “in all probability the suitable atmosphere” to debate such modifications, she stated, whereas noting that energy corporations already face “varied limitations” put in place to guard customers, together with a cap on fuel costs.
The federal government can also be engaged on an extension of the measures it has carried out to decrease gasoline prices, one of many predominant driver of the nation’s rising inflation, Ribera instructed TVE.
“We’re working with our technical groups to see how we’re going to increase this measure,” which features a 20-cent low cost per liter of gasoline, stated Ribera. The plan shall be unveiled within the subsequent days, she stated.
The federal government additionally wants to establish whether or not refining and gasoline distribution corporations are rising their income on account of the present market atmosphere to evaluate whether or not any distinctive fiscal measures must also be utilized to them, she stated.
Spain is ready to review whether or not utilities ought to pay further tax amid surging energy costs, in keeping with Deputy Prime Minister Teresa Ribera.

Article content material
(Bloomberg) — Spain is ready to review whether or not utilities ought to pay further tax amid surging energy costs, in keeping with Deputy Prime Minister Teresa Ribera.
Article content material
“It’ll be essential to see whether or not we want further fiscal measures for utilities,” Ribera, who’s additionally in cost with power coverage, stated in an interview with state-owned broadcaster TVE Tuesday.
The talk on the nation’s funds is “in all probability the suitable atmosphere” to debate such modifications, she stated, whereas noting that energy corporations already face “varied limitations” put in place to guard customers, together with a cap on fuel costs.
The federal government can also be engaged on an extension of the measures it has carried out to decrease gasoline prices, one of many predominant driver of the nation’s rising inflation, Ribera instructed TVE.
“We’re working with our technical groups to see how we’re going to increase this measure,” which features a 20-cent low cost per liter of gasoline, stated Ribera. The plan shall be unveiled within the subsequent days, she stated.
The federal government additionally wants to establish whether or not refining and gasoline distribution corporations are rising their income on account of the present market atmosphere to evaluate whether or not any distinctive fiscal measures must also be utilized to them, she stated.