The large industry faces a year-end with high energy surcharges

Spanish industry faces significant energy cost increases due to the crisis in the Strait of Hormuz, leading to a projected €7.4 billion rise in energy expenses. The crisis has driven up global gas prices, impacting electricity costs, particularly for energy-intensive sectors like steel and aluminum. Despite having a cheaper wholesale market, Spain's energy prices remain higher than in France and Germany due to additional adjustment services. The Spanish Electricity Network's reinforced system post-2025 blackout has further escalated costs. Industry leaders warn that ongoing high energy prices could lead to permanent production cuts and job losses if not addressed with immediate and structural measures.