GS Utilities Daily: Spain proposes gradual phaseout of the generation tax // EU Council approves negotiating position on European grids

Research evidence excerpt

GS Utilities Daily: Spain proposes gradual phaseout of the generation tax // EU Council approves negotiating position on European grids

Goldman Sachs GS Utilities Daily

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Spain proposes gradual phaseout of the generation tax

The Spanish Government is planning to reduce the 7% tax on electricity generation to

5% when it is reinstated in the second half of 2026. The levy was suspended in March

this year following the gas price spikes linked to the Strait of Hormuz conflict. According

to the Spanish Finance Minister, the tax would be lowered to 3.5% in 2027, before being

phased out entirely in 2028. The measure is expected to be approved within the next

month. Originally introduced in 2013, the tax applies to revenues earned electricity

generation in Spain, regardless of the technology. Source: Platts

EU Council approves negotiating position on European grids package

EU member states agreed on the Council’s negotiating position for the European grids

package, which revises the trans-European energy infrastructure (TEN-E) regulation and

introduces a permitting directive. The package establishes a coordinated framework for

cross-border energy planning, streamlines permit granting, and reinvests congestion

income into cross-border projects. This agreement enables the Council to begin