Fiscal Measures for Energy Sustainability (Law 15/2012 on Tax Measures for Energy Sustainability)

This measure has brought in a tax reform with a view to internalizing the environmental costs stemmed from electric power production and the storage of the nuclear fuel spent or the radioactive waste, and therefore, becoming a stimulus to improve Spain’s levels of energy efficiency. This law regulated three new taxes: on the value of electric energy production; on the production of the spent nuclear fuel and the resulting radioactive waste from nuclear energy generation; on the storage of the spent nuclear fuel and radioactive waste in centralized plants. In addition, this Law created a levy for the use of continental waters in electric power production, modified the tax rates for natural gas and coal, and withdrawed the envisaged exemptions for energy products used in producing electric energy and electric power co-generation and useful heat. The Law 15/2012 is expected to remain so as to keep constant, suitable price signals for consumers, and it is therefore envisaged to maintain this tax measure for the entire Directive’s implementation period as an incentive to save energy.

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