Taxes on the sales of natural gas look set to be cut from 21% to 5% in an effort to ease the cost of living crisis.
Energy minister Teresa Ribera said that the measure would be in place until the end of the year, but may be extended beyond that should the price of gas continue to remain high.
In June, the European Commission allowed Spain and Portugal to adapt European Union rules and subsidise consumers’ gas bills and put a cap on natural gas prices.
During her press release she said the changes had saved consumers in Spain over €10 billion in excess energy bills.
Photo: Pool Moncloa/Javier Amescua.