The government retakes its forecasts and delays the end of the crisis of light until the middle of the year

The President of the Government, Pedro Sánchez, delayed a few months the end of the crisis of the Light price-or at least, the moment he will begin to soften th

The government retakes its forecasts and delays the end of the crisis of light until the middle of the year

The President of the Government, Pedro Sánchez, delayed a few months the end of the crisis of the Light price-or at least, the moment he will begin to soften the price - and he already expects "a significant reduction in the prices of the Energy "for the first semester of the year. When the Executive announced its package of measures to minimize the impact on the invoice of citizens, it did so with the forecast that the situation can be characterized at the end of March.

According to Sánchez, this will have a repercussion at the inflation level of Spain. The president also recalled in an interview on the chain to be that it has to see, at least 30% according to the Bank of Spain, with which "in 2020 we live an authentic depreciation of prices."

Thus, to this rebound "as a result of a GDP fall we had and a confinement that we had in 2020" is attached to the price of energy that the government now considers that it could be maintained until June. "What all analysts tell us is that, along, half this year, we will be seeing a significant reduction in energy prices," he said.

When the measures were announced in September, the experts considered that the trend was going to continue being bullish and warned that the fall may not reach November. Its forecasts - also predicted an average of 125 euros in that month - ended up being too optimistic and, although the price came down with respect to October (193.43 euros on average, for the 1999 of the previous month), the year closed With a new record in December: 239.16 euros.

In this sense, the president said that some of the measures could be extended, such as VAT reduction to "cushion all this rise in prices" and reduce the invoice. The government has already expanded until April 30 tax rebate: VAT went from 21% to 10% and the special electricity tax is at its legal minimum, 0.5%, instead of 5.11%.

The statements of Sánchez arrive, precisely, in the previous day with the most expensive electricity of 2022, with an average price of 223.16 euros per megawatt hour on Tuesday. After a small break in the first days of the year - in the holidays there is less consumption and, therefore, low demand-, the light again overcome the barrier of the 200 euros on the 6th and only on Sunday went down until 119 , 24 to start over the week with a rise of 82% and 217m26 euros / MWh on Monday, as Publica Omie.

Updated Date: 10 January 2022, 07:59

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