The measure, of a temporary nature, was taken jointly with Portugal, has the approval of the European Commission and has “little history, if any”.
Euskaraz irakurri: Gasaren prezioari muga jarri gave Espainiako Gobernuak, argindarraren faktura murrizteko
The government of Spain has announced after the extraordinary meeting of the Council of Ministers that it will temporary limit on the price of gas used as a reference for the electricity bill Thanks to this mechanism, electricity bills can be reduced by about 30% for consumers covered by tariffs indexed on the wholesale market.
“For the first time, they do not pay the same. For the first time, the measures taken have as their fundamental goal reduce unexpected profits from energy companiesand that “there are net benefits for all consumers,” the government’s third vice president and minister for the ecological transition, defended. Theresa Rivera
The minister stressed that this measure is a response that “has few precedents”, as Europe has understood “the reasons why Spain and Portugal should have this exception”, it will be “an umbrella” to support domestic consumers and large industry to protect .
Executive Spokesperson, Elizabeth Rodriguezhas defended that this decision puts Spain in the lead of a “structural change” in European energy policy.
Average €48.8/MWh
The mechanism negotiated with Brussels establishes that gas will cost an average of 48.8 euros/megawatt hour (€/MWh) over the next 12 months, almost half the price that this raw material determines today, and will benefit both domestic and industrial . consumers affected by the escalation of electricity in the wholesale market.
The price will start at 40 euros for half a year, and later increase to 48.8 euros, compared to the current reference price in the market of more than 100 euros/MWh – as in the case of the Dutch TTF, a reference in Europe-.
In the current configuration of the electricity market, gas determines the world price of electricity when it is used, as all producers receive the same price for the same product, electricity, when it enters the network.
The measure, which was approved simultaneously by the governments of Spain and Portugal, has been given the green light more than a month after the European Council recognized that both countries have difficulties coping with high energy prices due to their low electrical interconnection with the rest of the continent. .
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/es_ES/sdk.js#xfbml=1&version=v2.8”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
