The Spanish Government and its partners will approve next week the surcharge to the fossil sector

The Ecological Transition and Demographic Challenge Commission will give the green light to the Fund, designed to bring together the economic contributions of all those who sell energy in the Spanish market, electricity, gas and oil, and, thus, contribute to the financing of the key energy costs for the whole system.

The committee has full legislative competence, so there is no need for the bill creating the fund to be debated in the plenary session of Parliament, and would already go directly to the Senate.

The FNSEE will leave two large groups of victims: the oil and gas companies – initial recipients of the surcharge – and the most intensive consumers of both fossil energies – to whom they will end up transferring the increase.

When it was launched, the promise of the Executive was that it would reduce the electricity bill by 13%.”

The debate of the presentation on the bill, which the Council of Ministers approved on June 1 of last year, was held this Tuesday without surprises. Socialist sources explain that the essence of the future regulation has been respected.

The presentation incorporated several transactional amendments from parties such as the PP, ERC, PNV and the PSOE itself, which are “an update” for the situation of 2022, marked by the energy consequences of the war in Ukraine and the rise in the prices of raw materials such as gas.

Technical corrections by the counsel of the Chamber have also been included.

Vox tabled an amendment to the totality months ago and is expected to vote against.

Take premiums off the receipt

The FNSSE will allow, according to the sources consulted, to remove from the electricity bill the premiums that are being paid to renewables, cogeneration and older waste, known as the Special Remuneration Regime.

The fund will have a progressive implementation during the next five years: it will affect 20% of the premiums each year, until after five years it has eliminated 100% of that amount from the electricity bill.

The government hopes that it will have a strong redistribution effect: it will benefit, he says, middle and low incomes – something denied by the gas sector, which believes that the exact opposite will happen – and will save them more money in their energy cost.

The result would be that families will pay less money at the end of the month than they do now for energy consumption.