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Wednesday, May 25, 2022
HomeLatest NewsGalan assures that only "fools" who have a regulated tariff pay more...

Galan assures that only “fools” who have a regulated tariff pay more for electricity.

Iberdrola President Ignacio Sánchez Galán said this Thursday in Sagunto (Valencia) that 80% of Spaniards “do not pay the price of the ‘pool’ or wholesale electricity market, and that ‘only fools’ who continue the ‘regulated tariff set by the Government’ pay more for electricity. “80% of Spaniards don’t pay the price of a ‘pool'”he said as an “advertisement” during a colloquium as part of the presentation of the future Volkswagen gigafactory in the Sagunt II park, which Iberdrola will supply with solar energy with an investment of 500 million euros.

Galan’s comment came when Volkswagen Group president Herbert Deiss was asked how the gigafactory’s total supply would be secured, a moment he took advantage of to introduce the “bracket”. “And 80% of Spaniards pay less than in 2018 because they cut taxes; only fools who continue to pay the regulated rate set by the government,” he noted, before “closing the brackets.”

Iberdrola will play a prominent role at the Sagunto gigafactory following the signing of an agreement between Galan and Volkswagen Group President Herbert Diess. will supply 20% to 30% of energy through the 240 ha Iberdrola solar power plant. This mega plant will receive an investment of 3,000 million euros from the automobile company Perte and will create 3,000 jobs by 2030will be managed by Power Co, a Volkswagen company, and will occupy 200 hectares of the Parc Sagunt II industrial park.

The battery plant will need 1.4 terawatts per hour per year, while the electric utility will provide 220 gigawatts per hour, as stated in the document. member of the executive committee of Volkswagen AG Head of Technology and Chairman of the Board of Directors of SEAT Thomas Schmall. Power Co is made up of about 3,000 people, in addition to 3,000 people in the cell; According to Schmall, he has never received so many applications for the position of plant manager as in Valencia.

Volkswagen directors reported that investments in the project presented The cost of an electric car is 10,000 million euros, which is 3,000 euros more than originally announced, thanks to the participation of 62 companies associated with the Volkswagen Group and Seat in the project. Of this amount, 3,000 million will go to the battery gigafactory and another 3,000 to electrify the German consortium’s factories in Martorell (Barcelona) and Navarre. As for Power Co, Schmall clarified that the Sagunto plant will be run by a 100% Volkswagen company because he says the battery business needs to be merged with brands as part of its strategy.


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