The Government finalizes measures to stop the sharp increase in the cost of electricity in 2021 and targets the income of the large nuclear and hydroelectric plants of the large energy groups that operate in the country.
The vice president of Ecological Transition, Teresa Ribera, plans to bring a draft bill to the Council of Ministers next Tuesday that reduces the benefits that these plants are reaping due to the sharp increase in the cost of electricity in recent weeks.
For this increase, it is linked to the higher cost of CO2 emission rights in the European market, which ends up having an impact on the electricity generated by thermal power plants that have to incorporate this cost into their production processes. As it is a marginal market, the price at which these plants match their offers with the market is the one paid to all producers, and for this reason it represents an enormous benefit for 'clean' facilities.
However, Ribera's plan involves differentiating within the category of clean producers and the measure that is being studied to reduce these extra benefits due to CO2 would only affect the facilities prior to 2005. His argument is that the emission regime of CO2 rights was born in that year, and therefore the companies that invested afterwards already did so taking this factor into account.
Therefore, the measure will affect those prior to 2004. And what are they?
Mainly, the large nuclear and hydroelectric plants owned by the large electricity companies and some of the pioneering renewable installations installed in the first years of the century.
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