Spain Studies Cutting Aid to Large Power Users, Expansion Says

Spain’s government is studying whether it can force industrial consumers of electricity to give up some of the 2.5 billion euros ($3.3 billion) of state aid they receive annually, Expansion newspaper reported.

The companies targeted are those that earn money by generating power using excess heat from their industrial processes and at the same time get paid a stipend for agreeing to suspend electricity consumption when supplies are tight, Expansion said, without citing a source for the information.

Power users such as factories and smelters earn about 700 million euros a year for agreeing to such “interruptibility” although the emergency measure hasn’t been used in more than a decade, according to the news report.

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