United we can has registered this Thursday in Congress a bill to create a public energy company, taking his proposal a step further within the coalition government of which he is a part along with the PSOE.
With this company, which they baptize as ‘Spanish Electricity Production’ (EPE), the confederal group proposes to assume concessions of hydroelectric plants that are expiring but also to promote new renewable energy facilities.
They argue that electricity production in Spain is the second most privatized in the OECD, only behind Portugal, with just 5% of generation, and that other countries such as France, Italy, Switzerland, the Netherlands, Austria or Finland they already have a public energy company.
In addition to propitiate a reduction in the electricity bill, This training proposes that the new society collaborate with municipal public companies that have already been created or that may be created to market and manage their energy supply.
Limit the prices of nuclear and hydro
The creation of a public company is one of the main proposals that Unidos Podemos has been transferring to the vice president for the Ecological Transition, Teresa Ribera, competent in energy matters, to combat the rise in the price of electricity, which has pulverized in the last record month after record in the wholesale market.
From this formation they assume that it is a “structural” measure with medium-term effects, but as an immediate measure they propose to establish a fixed price for the nuclear megawatt and a maximum price for hydraulic energy, with lower variable costs and, therefore, with higher profit margins in the price escalation.
Precisely hydroelectric energy has been especially singled out during this crisis, not only by Unidos Podemos, which demands to recover all concessions as they expire, but by Teresa Ribera herself, who in Congress lamented the companies’ lack of “social empathy” and questioned maneuvers such as the emptying of reservoirs to maximize benefits in this context.
Hydraulics under suspicion
Ribera made these statements during his appearance in Congress this Monday, in which he pointed out that the hydroelectric plant had set the maximum price in more than half of the hours in recent months (between 59% and 65% since June, in full record rise in the price of electricity).
A technology that, in addition, does not incorporate natural gas or CO2 emission rights in its generation, two of the factors that have been alluded to to explain the rise in the price of electricity throughout Europe.
Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.