E
E

Endesa

Trade Ideas

Traders Sentiment

Technical Summary

Hourly

News

Spanish ruling coalition proposes windfall taxes on utilities, banks

By Christina Thykjaer and Jesús Aguado MADRID, July 28 (Reuters) - Spain's leftist ruling coalition introduced a draft bill on Thursday to create a temporary tax on bank revenues and power utilities' sales to raise 7 billion euros ($7.09 billion) by 2024, a spokesperson for the Socialist Party in Congress said. The measures, part of package to help Spaniards cope with soaring inflation, include a 1.2% levy on Spanish power utilities' sales and a 4.8% charge on net interest income, a measure of
B
C
E
N
R
S
B

Spain readies new tax on electric utilities' profits

MADRID, June 21 (Reuters) - The Spanish government is readying a new tax on electricity utilities' profits, which have been boosted by energy prices, Budget Minister Maria Jesus Montero said on Tuesday. "Since profits of electric utilities have been exorbitant, from the government's point of view, we want to be able to ask them for a higher contribution," she said in an interview with public broadcaster TVE.
E
N

Spain readies new tax on electricity utilities' profits

MADRID, June 21 (Reuters) - The Spanish government is readying a new tax on electricity utilities' profits, which have been boosted by energy prices, Budget Minister Maria Jesus Montero said on Tuesday. "Since profits of electric utilities have been exorbitant, from the government's point of view, we want to be able to ask them a higher contribution," she said in an interview with public broadcaster TVE.
E
N

Spain mulls price cap for gas plants to bring down power bills

(Corrects percentage in last paragraph) MADRID, March 22 (Reuters) - Spain is considering introducing a maximum price at which combined-cycle gas plants can sell power to the wholesale market as part of an effort to rein in sky-high consumer electricity bills, Energy Minister Teresa Ribera said on Tuesday. As global energy prices soar, exacerbated by Russia's invasion of Ukraine, European governments are racing to find solutions ahead of a European Union summit later this week.
E
N

Spain's Energy Minister did not discuss new taxes at meeting with utility CEOs

MADRID, March 22 (Reuters) - Spain's government did not discuss the possibility of introducing new taxes on power utilities amid soaring power prices at a meeting with electricity industry chiefs on Tuesday, Energy Minister Teresa Ribera said. "We didn't speak about taxes with the big electricity companies, but rather about how to get cheaper energy and how they can contribute to citizens' comfort," she told reporters after a cabinet meeting.
E
N

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.