UTILITIES
“ Spain will become the country with the strongest social and economic safety net in the entire EU”
Pedro Sánchez Prime Minister of Spain
Meanwhile, a March 2026 Greenpeace study found EU oil companies were generating an additional US $ 88m in profits every single day.
Taxes, blackouts and what comes next All that being said, Spain’ s story is not wholly without complications. In April 2025, a nationwide blackout made headlines around the world. The power cut, triggered by a series of voltage fluctuations, plunged the country into chaos, halting metro systems, disrupting traffic and leaving millions without power.
In the wake of this short but shocking incident, many observers questioned whether it was Spain’ s growing reliance on renewables that had caused the blackout.
A 472-page post-incident report prompted a shift to“ reinforced mode” grid management, which adds a cost floor to bills that would otherwise be lower still. The Spanish Government did not allow the incident to slow its rollout of renewables, however.
60 August 2026