Spain will phase out a 7% tax on electricity generation, saying the move will lower residential and corporate power bills and support a shift from fossil fuels to clean energy. The tax will be reduced in stages — 30% in Q3 this year, 40% in Q4, 50% in 2027 and fully abolished in 2028; the government estimates ordinary consumers' electricity bills will fall about 6%.

2026-06-29

Spain will phase out a 7% tax on electricity generation, saying the move will lower residential and corporate power bills and support a shift from fossil fuels to clean energy. The tax will be reduced in stages — 30% in Q3 this year, 40% in Q4, 50% in 2027 and fully abolished in 2028; the government estimates ordinary consumers' electricity bills will fall about 6%.