September 20, 2020

Industry wants to approve the Electrointensive Statute in October


Madrid

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The Ministry of Industry expects to approve in October the Electrointensive Statute, which will have its budgetary allocation for 2021, as indicated this Wednesday by the Secretary General for Industry and SMEs, Raúl Blanco, who has appeared in the Congressional Industry Commission.

Blanco, who presented the degree of budget execution of the General Secretariat for Industry, recalled the budgetary efforts to support the electro-intensive industry, despite the fact that the Ministry has had to work with an extended 2018 budget.

He pointed out that last year in compensation for indirect costs of carbon dioxide (CO2) emissions, the electro-intensive industry received 172 million euros and 61 million so far in 2020.

In addition, he recalled the approval by the Government of the creation of the Spanish Guarantee Reserve Fund for Electrointensive Entities, which will cover the risks of bilateral electricity contracting in short and medium-term contracts and which has been endowed with 200 million euros per year for its first three years of life.

The Electrointensive Statute project presented by the Government provides reduce bill charges by 85% for facilities with high electricity consumption, with a joint saving of about 90 million for some 600 installations.

Three autonomous communities (Asturias, Galicia and Cantabria) submitted allegations to the Statute to raise the expected reduction in the price of energy to industrial companies with a higher consumption of electricity that operate in sectors such as steel or metallurgy.

They asked to create a new category within the Statute, that of the highly electrointensive or hyperelectrointensive consumer and raising the subsidies for indirect CO2 costs as much as possible.

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