Friday, December 9, 2022
US Daily News Onlne


Government relaxes cap’s impact on gas and now confirms it will cut electricity by only 15%

The Minister for Ecological Transition and Demographic Challenges, Teresa Ribera, acknowledged this Monday that there is some “uncertainty” in calculating…

By admin , in news , at May 23, 2022

The Minister for Ecological Transition and Demographic Challenges, Teresa Ribera, acknowledged this Monday that there is some “uncertainty” in calculating the exact reduction in electricity price after the introduction of gas limits for generating electricity, but maintained that the executive forecast that Will fluctuate between 15% and 20%.

Speaking to reporters after attending the start of the dissolution of the Sepsa refinery in Tenerife, he remarked that the final percentage depends on how the gas price develops and how many hours of the day determine the gas final price. , hence “being prudent”, sets the discount to between 15% and 20%.

This figure is contrary to the forecast that the minister put forward at the end of AprilEl Ribera then calculated that this measure would reduce receipts by 30%.

However, he added that “the most important thing” is to achieve a trend that will protect supplies in the face of price cuts in recent months and gas cuts from Russia to Finland. Example.

Ribeira attaches importance to the “support” of the European Commission and the whole of the Union.Iberian exception‘, because it “looses” the market to access various price contexts in which it is “very difficult” to revise rates or promote contracts in the medium and long term, when 40% of domestic customers and 70% of industry are “indexed” in the wholesale market.

As such, he has pointed out that Spain and Portugal “have no great liquidity” due to physical sanctions and Europe “recognizes”, but stressed that releasing electricity at a “more reasonable price” was “important”. . Both for households and for industry.

Fuel Bonus, till June

Regarding the 20 percent subsidy for fuel, he remarked that the entire economic team of the government works in pursuit of development, noting that the idea of ​​”agile and immediate coverage” needs to be “harmonized”. Is. more precisely” which groups are most in need of such a measure.

Along these lines, he pointed out that the measures were taken for a period of three months and a decision would be taken at the end of June whether it is retained or modified along with other supplements.

Government relaxes cap’s impact on gas and now confirms it will cut electricity by only 15%

2022-05-23 13:47:49