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Energy updates 5-2012

01/02/2013
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ENERGY INDUSTRIES TAX NEWS

The Official State Gazette of December 28, 2012 has published Law 15/2012, of December 27,
2012, on tax measures for energy sustainability. Like other pieces of legislation approved in
recent years in connection with the electricity sector, the Law focuses on one of the most
important problems currently facing the Spanish energy industry, namely, the tariff deficit,
which by December 2011 reached €24 billion.

The Law comes into force on January 1, 2013.

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