Madrid
The objectives are ambitious, the method has yet to prove itself.
The left-wing government of Pedro Sanchez approved on Tuesday a series of measures that should lead electricity companies to return by March 2022 some 2.6 billion euros in extraordinary profits caused by the sharp increases in gas prices on the international markets.
See also
Spain, Europe's new sick man
This grab, combined with seven other measures, should reduce the average consumer bill by 22%, a decrease that would even reach 30% if we add the tax cuts already decided in June.
It is for the executive to face an unprecedented increase in prices in a country very dependent on its imports of Algerian gas.
The average monthly bill of a Spanish family is estimated at 108 euros by the consumer organization Facua, an increase of 62% in one year.
Excessive profits
The most spectacular measure, the most contested by companies, is called
"temporary reduction in excess.
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