Big companies will have to face a 14% rise in gas prices after the Ministry of Industry approved, just days before the Spanish government changed hands, increasing the supply of national strategic gas reserves so that it will now last 20 days instead of merely 10.
The gas industry will have to bear the marginal costs of this decision. The measure may appear reasonable given the dependence on foreign oil that our country is facing.
But just when the price of gas has gone down to sensible levels and any cost increase would have to be absorbed by the factories, Miguel Sebastián should have showed more consideration for the scanty fabric of Spanish industry. This is another clumsy lurch from his failed energy policy.
