The president of Iberdrola assured this Thursday that 80% of Spaniards are paying less for electricity than in 2018 because taxes have been cut, and that only those who continue with the regulated rate pay more, whom he called “fools”.
The president of Iberdrola, Ignacio Sánchez Galán, has apologized for: Calling “fools” consumers subject to the regulated electricity tariff o PVPC via a message posted to the company’s Twitter account late this afternoon.
“Ignacio Galán, President of Iberdrola, offers his sincere apologies in the event that anyone has been offended by some colloquial phrases that were not intended to offend anyone, and expresses his deepest respect for all consumers,” the message reads. .
Ignacio Galán, President of Iberdrola, offers his sincere apologies in case anyone has been offended by some sentences spoken in everyday language that were not intended to offend anyone, and expresses his great respect for all consumers
— Iberdrola (@iberdrola) May 6, 2022
Sanchez Galan insured on Thursday that 80% of Spaniards are paying less for electricity than in 2018 because taxes have been cut and that only those who continue with the regulated rate pay more, whom he called “fools”.
At the regulated rate, available only for contracted powers up to 10 kilowatts (kW) and essential to enjoy the social bonus, no form of discount or promotion can be applied as the price is set by the governmentwhich precludes any negotiations between customer and marketer.
The regulated rate has traditionally been cheaper than free market in which the rest of Spanish consumers pay their bills, according to the National Commission of Markets and Competition (CNMC), although record prices have been registered in the wholesale electricity market in recent months, largely due to rising gas prices.
According to the CNMC household panel for the second half of 2020, the monthly fees charged to a typical household under the regulated rate were more than 20 euros cheaper than one on the free market (28.2% cheaper). Since 2019, that saving has always been greater than 15%.
criticism from the government
The Second Vice President and Minister of Labor and Social Economy, Yolanda Diazhad asked the president of Iberdrola this Friday: to correct his statements “immediately” for “mocking” at the most needy.
For its part, the First Vice President and Minister of the Economy and Digital Transformation, Nadia Calvinoalso criticized Sánchez Galán’s “lack of empathy”: “I find astonishing the lack of empathy, the lightness and the tone with which such an important issue for families and citizens and also for the Spanish economy is being spoken”.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
