ADVERTISEMENTThe government will eliminate a 5 per cent tax on electricity consumption, according to the report. A government spokesperson declined to comment ahead of the press conference announcing the measures, set for 11 a.m. local time(1000 GMT). European countries, which are heavily dependent on energy imports, are taking action to curb an expected rise in inflation. The reported measures could help prevent sharp rises in fuel prices from causing inflationary pressure on other goods but would primarily help private car owners, who tend to be wealthier, economist Antonio Gonzalez said. Spain's electricity prices have been among the lowest in Europe this year due to abundant rains filling hydropower reserves, high electricity generation from wind and solar and nuclear power enabling it to rely less on gas than other countries.
