Monday, August 15 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Aug 08
Week of Aug 01
Week of Jul 25
Week of Jul 18
Week of Jul 11
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Repsol asks for the electricity reform to be charged to the Budget.


    June 21, 2022 - CE Noticias Financieras

     

      San Sebastián 21 JUN 2022 - 14:16CEST

      The president of Repsol, Antonio Brufau, has demanded this Tuesday that the Law of Sustainability of the Electricity System be made from the General State Budget so that citizens do not have to pay more taxes for the consumption of gas and fuels. "That they do not pay for the mistakes of the electricity sector in the past", they are "surcharges for past costs", he insisted.

      Brufau also echoed the requests from industry, which is against a tax model that is "a torpedo in the waterline" for the survival of companies in the manufacturing sector. The president of Repsol has intervened in a conference in San Sebastian organized by Elkargi, the largest mutual guarantee society in Spain. In his conference he called for a single European market for energy, something that has not been achieved in the last thirty years despite various debates, in his opinion.

      In fact, Germany is returning to coal-fired generation because of the cutback in Russian gas supplies due to the invasion of Ukraine, France is intensifying its nuclear capacity and the Netherlands is reducing its relationship with gas, he explained. He also defended the need to decarbonize the economy, but at the current rate of emissions this will not be achieved for another 15 to 20 years, and this with a rise in temperatures of between 1.5 and 2 degrees Celsius, in his opinion.

      Brufau shied away from accelerated strategies because "there is time to apply more efficient cost routes" that also allow CO2 emissions to be reduced. The energy transition needs "time" and the assumption of "many costs", with information transparency for citizens, so that they are aware of the bill they have to pay for this change, he said. Before the war in Ukraine, Brufau said, oil had already risen 32%, gas 199% and coal 122% more.

      He also warned that world generation is 80% based on fossil fuels, so it is not a change that can be made "from today to tomorrow". Because "we have to replace them, and not only with electrification". He was against the banning of the production of internal combustion engines after 2035, "what are we going for," he said, because most of the European automotive industry is focused on this component.

      He therefore called for "ambitious but realistic decarbonization" because "total electrification is not the solution".

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.