The
government
is
planning
to
cap
spiralling
energy-sector
debt,
including
ending
a
link
between
power
tariffs
and
the
consumer
price
index,
and
restricting
pricing
options
for
renewables
firms.
Industry
minister
José
Manuel
Soria
says
the
moves
would
save
the
power
sector
€600m-800m
($822m-1.1bn)
in
annual
regulated
charges,
which
account
for
about
half
of
Spanish
electricity
bills.
As
part
of
the
reform,
renewables
companies
will
be
forced
to
choose
between
two
pricing
options,
removing
flexibility
and
potentially
hurting
future
revenues.
In
reaction
to
the
news,
shares
in
renewables
companies
Acciona
and
Abengoa,
seen
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