It is usually a fine for speeding, and the amount varies from 100 eur to 600 eur. Spanish law offers a 50% reduction for early payment (20 days), so my advice would be to pay as soon as possible.
You can pay by transfer (usually paying a transfer fee) or by card (check DGT's site for details, as there are ongoing updates on the English site).
As I speak a little Spanish, I have called their contact phone number a couple of times on behalf of someone else. To my surprise they have English speaking operators, and the lady was really helpful both times. A call to Spain is pretty cheap, and it can save you around 40 GBP (even more for higher fines). The last time I called the site insisted that I paid 100 euro, but I told the lady on the phone that I had only just received the letter and after closing the browser and trying again there was my reduction.
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