Spain Power Deficit Widens 46% as Steps to Close Gap Founder
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Spanish power companies’ regulated revenue fell short of what the government promised by 5.6 billion euros ($7.3 billion) last year as new taxes failed to narrow the gap between costs and sales.
The shortfall, known as the tariff deficit, expanded 46 percent from 3.85 billion euros a year earlier, according to a report on the website of the National Energy Commission.