The industry has shouted in the sky with the plan that the Government is preparing to, supposedly, lower the electricity bill. Pedro Sánchez finalizes a scam of the stamp in the monthly payment of electricity: remove the costs of renewables from the bill of all homes and companies for electricity to hide those payments in the natural gas and gasoline tariff. The mechanism devised to camouflage these payments is the Sustainability Fund. A fund that energy companies and consumers will pay in other ways. And it will mean a tax penalty for the affected industry of 2,650 million euros.
The “industry cannot assume more external energy costs”, affirms the Alliance for the Competitiveness of the Spanish Industry. It is the organization that represents the strategic sectors with the capacity to “develop a business fabric of high productivity and added value, with a powerful export and investment capacity in R + D + i and advanced technologies, becoming a fundamental pillar to structure a solid economic model, generating quality, stable and qualified employment, ”as the association explains on its own website.
It is an organization made up of seven sectoral associations whose companies generate no less than 50% of the Gross Industrial Product, 2.8 million direct jobs, Indirect and induced, 50% of industrial exports and 50% of investments in R + D + i. Among those represented are the National Association of Automobile and Truck Manufacturers, the Spanish Association of Petroleum Products Operators, the Chemical Industry, the Paper Industry, the Food and Beverage Industry and the Steel Industry.
His conclusions are illuminating: “The Minister council, at its meeting of December 15, 2020 and at the proposal of the Ministry for the Ecological Transition and the Demographic Challenge, agreed to start the processing of the preliminary draft of the Law creating the National Fund for the Sustainability of the Electricity System (FNSSE), the which was forwarded with various modifications to the Council of State on April 30 ”.
This fund, as stated in the explanatory memorandum of the aforementioned project, “is intended to assume the costs associated with the specific remuneration scheme for renewables, cogeneration and waste (Recore), extracting them from the set of charges in the electricity system and progressively transferring most of its financing to traders and operators of all energy sectors ”, as OKDIARIO has already explained.
Apparent reduction of the electricity bill
This measure will mean an apparent reduction in the electricity bill by removing those items from the monthly payment for electricity. But the reality is, all it does is get those payments off a receipt to take it to the companies – natural gas, gasoline, industry and the electricity companies themselves – that will pass it on to consumers in their respective final prices.
The Alliance companies warn that, “given that the Regulatory Impact Analysis Report (MAIN) excludes a Detailed analysis and it is clearly incomplete with respect to natural gas consumers, the impact calculated by the Alliance for Industry Competitiveness concludes that, without considering the compensation regime, the accumulated cost in the 2021-2025 period would be 2,650 million euros for the set of manufacturing sectors in our country. This impact would be assumed mainly by gas consuming industries. and medium and intensive electricity consumers, as voltage level methodologies are eliminated ”.
To the calculation of this impact is added the strong increase in gas and electricity costs in our country. “Thus, the price of the wholesale electricity market broke its historical record in April, presenting a closing estimate of the average annual price in 2021 above € 67 / MWh, and above € 65 in 2022. Given an expectation of prices very high in the short and medium term, the momentum of the fund, as configured, will aggravate the situation of the Spanish industry and it will put its future at risk ”.
The companies also highlight the compensation system included in the future standard. And they warn that “conceptually, establish a compensation regime for excess charges previously paid, supposes a false, incoherent and undesirable appearance of subsidized industry, introducing in turn new financial costs and new administrative burdens ”.
Unaffordable competitive cost overrun
They add that “the uncertain compensation regime would apply only to a limited number of sectors (those defined in Annex III of the Guidelines on State aid in the field of environmental protection and energy 2014-2020), excluding 80% of the industry productive and Spanish exporter, generating a competitive cost overrun unaffordable in sectors that are tractors and essential to our economy such as food, automotive, most textiles and clothing, the pharmaceutical industry, metallic and electronic products, electrical material and equipment, machinery and equipment manufacturing, and shipbuilding and aeronautics, among others”.
The companies warn that “the Spanish manufacturing industryConsidering the effects of the deep economic crisis that began in 2008 and the still persistent pandemic that originated in 2020, it has lost in this long period almost 30% of its productive fabric and 20% of its employment (550,000 direct workers) ». They add that “the expected impact of the legislative initiative, as it is configured, is manifestly harmful to the economic activity responsible for generating quality employment (in terms of salary and permanent contracts), the development of innovation and advanced technologies and neutral in carbon, and of the internationalization of our business fabric ».