Spain announces a €3 billion plan to cushion the impact of the energy crisis

Spain announces a €3 billion plan to cushion the impact of the energy crisis

These measures, added to other support plans implemented in recent months, will allow “strengthening the protection of citizens” against the energy crisisassured the president of the government during a speech at the Congress.

With a total amount of “close to 3,000 million euros”, the new measures will be approved on Tuesday in the Minister council Y will benefit “40% of households” in Spain, Pedro Sánchez specified.

This new aid plan provides for the adoption of a new regulated rate for communities with centralized natural gas boiler, which feeds the heating, especially impacted by the escalation of prices. It will be in force “until the end of 2023” and will allow 1.7 million households reduce their bill by more than half relative to current market conditions.

https://twitter.com/sanchezcastejon/status/1580477434897612800

The government plan also provides for a Reinforcement of the electric social bonuswhich will benefit the 1.3 million most vulnerable households already included in this device, but also 1.5 million families with low incomes, who until now were excluded.

Faced, like many European countries, with rise in inflationSpain has multiplied the measures to strengthen the purchasing power of households in recent months, with initiatives such as fuel subsidies and free subscriptions for users of certain services of public transport.

During the summer, Pedro Sánchez estimated spending on these plans at almost 30,000 million euros, the equivalent of 2.3% of the Gross Domestic Product (GDP) Spanish.

Source: Ambito

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