The European Commission approved this Wednesday the mechanism that will limit the price of gas and lower the price of electricity in Spain and Portugal. This is an extraordinary measure that will be in effect for 12 months.
Euskaraz irakurri: Gasaren prezioari ezarritako muga ekainaren 14tik aurrera aplikatuko da
The European Commission this Wednesday approved the mechanism for: limit the price of gas and lower the price of electricity In the Iberian Peninsula. The measure will be applied from the electricity market auction next Tuesday, June 14 and will set prices for the following day, as reported by the Spanish government.
The Iberian mechanism is a extraordinary measure which is justified by the poor connection of the Iberian Peninsula with the rest of Europe, which is a disadvantage for its integration into the European market.
Similarly, the agreement reached with the Commission to introduce the mechanism includes actively working to reverse this adverse situation.
During his Valid for 12 months It will lower the bills of households and businesses and protect them from the volatility of gas prices in international markets.
The Ministry for the Ecological Transition and the Demographic Challenge led by Theresa Rivera stressed in a note that the decision was taken “after very intensive work, given the complexity of the measure, and represents a milestone in relations between Spain, Portugal and the Community institutions”.
(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.
