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Government confident that Brussels will support limits on gas in a “very short time”

Government Will send “Technical Explanation” this Wednesday From Gas Cap to Brussels. It is a document that outlines the details…

By admin , in news , at May 18, 2022

Government Will send “Technical Explanation” this Wednesday From Gas Cap to Brussels. It is a document that outlines the details of an ecological transition proposal that aims to limit the price of gas to 40 euros/MWh, reducing electricity to 130 euros, according to executive figures.

Spain and Portugal are still awaiting final approval from the European Commission. an advance that still hasn’t reached the peninsula, and that Remedy remains inactive, Until the department headed by curator Margaret Vestager confirms its authority, the Iberian exception will not be valid.

“These are purely technical issues. We don’t expect any problems,” defended Third Vice President Teresa Ribera, who stressed that the commission is very well aware of the joint proposal of the two countries. Ribera assured that until the definitive approval of the agreement. Missing “very little time” to arrive.

During the conference after the Council of Ministers, the Minister announced that ‘Ok‘Europeans may take time to arrive’one week, ten days or two weeks, Since then, only five days have passed, in which the price of electricity in the wholesale market has exceeded 200 euros/MWh. A price that has a constant impact on regulated rate consumers is exposed to the fluctuations in which the ‘pool’ has existed for months.

Approved Royal Decree sets a reference price for the gas. At 40 EUR/MWh during the first six months, a limit that will begin to rise to 48 EUR/MWh until the full year in which it is completed will remain in force. OCU andIt is estimated that the monthly receipt falls to about 85 eurosLast March the average reached 143 euros.

The measure will have a significant impact on the CPI, which stood at 8.3% in April. INE takes the wholesale market price as a reference, affecting only users covered by the regulated rate, and excludes 17 million free market customers from its calculation. A formula that elevates Spanish inflation figures above those of other European countries.

Government confident that Brussels will support limits on gas in a “very short time”

2022-05-18 09:24:02