Spain's Government Intervenes in Soaring Energy Costs with New Anti-Crisis Package

The Spanish government has introduced its third anti-crisis package to mitigate the impact of rising energy costs on households. The measures aim to limit gas tariff rises, freeze butane cylinder prices, and extend fuel tax cuts through December. With petrol approaching €2 a litre and wholesale electricity prices at their highest since the Ukraine crisis, the government is taking steps to alleviate the burden on consumers.

The cap on regulated gas tariffs will be limited to 15%, rather than the initial 45% increase that was expected. This will benefit around three million consumers, with bills set to rise from €600 to approximately €685. The price of butane cylinders has been capped at €19.55 until June 2027.

The government has also raised the minimum required reserves of liquefied natural gas from 16.5 to 21 days under the Winter Action Plan, a precaution against sudden demand spikes or supply chain disruption in the months ahead.