Spain and Portugal reach a “political agreement” with Brussels to limit the price of gas

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Based on the agreement reached with the Community Executive, the reference price for gas will be set at approximately EUR 40/MWh and an average price of EUR 50/MWh over the 12 months of this agreement.

Euskaraz irakurri: Espainiak eta Portugalek “akordio politikoa” lortu dute Bruselarekin gasaren prezioari muga jartzeko

The Third Vice President and Minister for the Ecological Transition and the Demographic Challenge, Theresa Riveraand the Minister of Environment and Climate Action of Portugal, Jose Duarte Cordeiroannounced an agreement with the European Commission this Tuesday to cap the price of gas on the wholesale electricity market.

“We have reached a political agreement with the European Commission,” Ribera said at a press conference after the meeting, pointing out that the procedure will be finalized in the coming days to “gain the support of the Commission” to “implement it.” “. immediately”.

Based on the agreement reached with the Community Executive, the reference price for gas will be set at approximately EUR 40/MWh and an average price of EUR 50/MWh over the 12 months of this agreement.

Ribera has traveled to Brussels to meet the European Commissioner for Competition, Margrethe Vestagerto tackle the proposal submitted by Spain and Portugal for limit up to 30 euros per megawatt hour (MWh) the maximum price of natural gas for the generation of electricity, with the aim of reducing the electricity bill.


Source: EITB

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