Tue. Oct 4th, 2022

The Minister of Industry, Commerce and Tourism, Reyes Maroto, has asked consumers for patience to see the “final result” of the measures that are being adopted to lower the price of electricity bills, since “it will take time to see”.

In statements to TVE collected by Europa Press , Maroto indicated that the Government is “incorporating different regulations in the electricity market that as a whole and as they are incorporated into the bill will have the objective of reducing the price, not only in the consumer, but in SMEs and industry “.

In this sense, he stressed that the measures do not remain only in the hourly regulation of electricity rates that came into force on June 1 , but that it is something “much more profound.”

“We are intervening in a complex system, incorporating renewables, which will undoubtedly reduce the bill in the short term. It is always complex to intervene in a market such as electricity, since there are many players and interests,” he added in this regard.

On the other hand, the minister indicated that the Government “does not doubt” about the electricity companies, although it did ensure that “clarity” and “transparency” are wanted with respect to the rise in prices in the electricity market, for which a report to the National Markets and Competition Commission (CNMC).

Thus, Maroto affirmed that for this reason this report has been requested from the regulator, in order to know if there is or has been “some type of intervention” on the part of the operators. “It is not that we have indications, but we want to clarify, and for this there is no better way for the regulatory body to give us that information,” he said.

Likewise, the Minister of Industry denied that there are “discrepancies” with the Ministry for the Ecological Transition and the Demographic Challenge of Teresa Ribera regarding the National Fund for the Sustainability of the Electricity System (FNSSE), the mechanism that the Government intends to approve to remove from the I receive the renewable premiums from electricity and transfer them to all energy carriers (gas and fuels) in order to lower the bill.

“It is something everyday, that does not mean that it is a discrepancy. We simply analyzed, we asked for more information to make a more exhaustive analysis and our doubts were answered. And that is the positive, that we take the measures in a consensual way and the main support is in the Council of Ministers, “he added in this regard.

In addition, he defended the FNSSE measure, since it is based on an “in-depth” study and that the experts themselves in the previous legislature already put on the table as a measure for the redistribution of charges.

Maroto considered that the European funds will allow reducing the electricity bill of consumers, SMEs and industry in a three-year horizon through investment in energy efficiency. “In all the ministries the objective is to improve competitiveness through prices and investments in energy efficiency are necessary,” he said.

Leave a Reply

Your email address will not be published. Required fields are marked *