Tuesday, September 14, 2021

Spain targets energy firms as European bills surge - BBC News

Energy bills are climbing across Europe as gas prices soar in particular

Spain's left-wing government has agreed emergency measures to cut spiralling energy bills as electricity prices climb to record levels.

It aims to channel €2.6bn (£1.9bn; $3bn) in energy company profits to consumers and slash electricity taxes over the winter months.

Energy bills are climbing across Europe as gas prices soar in particular.

Greece is promising subsidies to consumers and Italy is also aiming to review electricity bills.

But it was Spain that moved first on Tuesday. It has seen some of the highest energy prices in Europe in recent weeks, prompting protests over the summer in a number of cities....


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