• Energy The Government will charge the electricity bill with everything saved with gas from April

The

electricity companies

also pay today on the stock market the doubts of investors about the Government's plan to lower the electricity bill.

In this session, in addition, those doubts are increased due to the increase in tension between the Executive and the companies in the sector, which at the end of Tuesday threatened to stop producing nuclear energy if the Moncloa plan goes ahead.

Again like the day before,

Endesa and Iberdrola

are the most punished for these doubts.

The first one faces the afternoon session with a fall of more than 4% after yesterday dropping 5.2%.

Its titles stand at 18.6 euros and its capitalization has decreased by

almost 2 billion euros

in less than two days.

The reason must be found in the plan approved yesterday by the Council of Ministers to deal with the increase in electricity bills in recent weeks.

The price will set a record again tomorrow Thursday at a level of 188.18 euros per megawatt hour (MWh), according to the auction held this Wednesday.

The rise is dizzying and seems unstoppable, and that is why the Executive has put together an emergency package with which it tries to ease the pocket of consumers. Its plan contemplates injecting into the system the extra cost obtained by electricity companies for CO2 emission rights and establishing a

temporary cap

on the price of gas that users will return in future bills, starting in April, when the system is not so stressed .

Both the reduction in gas and the redistribution of extraordinary profits from electricity companies will be

temporary measures

, but their impact has unleashed investors' fears about their impact and, in addition, has awakened the immediate response of the sector, which threatens the early closure of the plants if the Government cuts them the so-called

'profits fallen from the sky'.

Iberdrola

is, after Endesa, the other value that is accommodating the doubts of the markets.

The company lost 3.8% on Wednesday's session after falling 1.7% yesterday.

Naturgy

leaves 0.46%, but in its case the fall is limited by the OPA operation of the IFM fund whose resolution is scheduled for the next few days.

The falls also extend to renewables such as

Solaria

, which is close to a 3% decline, and outside the Ibex,

Acciona Energía

loses more than 1.5% in the session.

Sectoral conflict

All this amid growing tension between the Government and the main electricity companies in the country.

After the approval of the decree law in the Council of Ministers, the employers' association Foro Nuclear, which includes

Naturgy, EDP, Endesa and Iberdrola,

threatened to stop producing nuclear energy if the measures promoted by the Executive were successful.

A notice that from the wing of United We Can, in addition to other parliamentary partners of the Government, have described as "blackmail."

The cut mainly affects nuclear and hydroelectric facilities, which benefit from a price affected by the increase in the cost of CO2 emission rights and natural gas, and which, however, do not have to pay.

In the government control session held this Wednesday in Congress, President Pedro Sánchez stressed that his Executive "will always defend the interest of citizens above any pressure or private interest", while the PSOE spokesman,

Héctor Gómez,

has assured that in the Executive they will be "firm": "We prioritize citizenship with respect to other types of benefits that companies may have," he assured.

According to the criteria of The Trust Project

Know more

  • economy

  • Light bill

Savings and Consumption The price of electricity takes a break and this Monday falls below 90 euros

The Government's hack of the electricity companies to lower the electricity bill costs them 2.34 billion in the stock market

Energy Tomorrow, Monday, a new historical record for the price of electricity, reaching 154.16 euros / MWh

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