To help companies and households cope with the COVID-19 pandemic, the Spanish government approved up to 140 billion euros in state agency ICO credit lines in 2020.
"It is not possible to determine how long this entirely exceptional situation will persist,"
Velez says his promising operation may be undermined by soaring global energy costs and decades-high inflation in Spain.
Pylons of high-tension electricity power lines.
The claw-back bill originally envisaged skimming some 2.6 billion euros off the companies' earnings.
Prime Minister Sánchez is promising reforms in order to lower electricity bills.
The cheapest period is between midnight and 8am, so guess what is happening?
An average increase of 26 euros compared with a year ago.