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Sanchez admits he still doesn’t know when he will have a European guarantee on top of gas

The government’s president, Pedro Sánchez, still does not say when he will get Brussels’ support on top of the gas…

By admin , in news , at May 31, 2022

The government’s president, Pedro Sánchez, still does not say when he will get Brussels’ support on top of the gas price. Measures approved by the Council of Ministers 18 days ago, ‘is in progress’to supportWhereas electricity prices continue to rise in the wholesale market. This Wednesday it will reach an average of 210 euros, with a maximum between 9:00am and 10:00pm, when it reaches 262.6 euros/MW.

During his speech—after the European Council—the head of the executive Authorization is expected “soon”, Government sources have acknowledged to El Debate that Moncloa is expected to receive European Commission approval in June, although they acknowledge thatThe effect of reduction in prices will be less Like I thought.

Since Spain and Portugal have struck a political agreement with the Community Executive, the deadline hasn’t stopped dancing. On 9 May, the Prime Minister of Portugal, Antonio Costa, claimed to have obtained European authorization. Minutes later, community sources denied this information.

The Spanish government had to delay the approval of the measure twice, He was finally forced to convene an extraordinary Council of Ministers on 13 May. During a subsequent press conference, Teresa Ribera, the Minister for Ecological Transitions, assured that certain guarantees—necessary for the measure to be implemented— Will come in “a week or two”, Now almost 20 days later, Madrid and Lisbon still do not have permission to the department headed by von der Leyen.

May closes with an average price of 187.1 EUR/MW

May closed with an average price in the wholesale market of 187.1 euros/MW, a figure Much more than the 130 Euro promised for a gas cap, Consumers subscribing to the regulated rate will face a receipt close to €100.

In parallel, with customers annual fixed price Continue to bear strong growth in your contracts. From OCU they warn that the free market is witnessing “strong growth”, for which it advises consumers to be “very attentive” to their rate renewals.

The Consumer Union condemns the “lack of transparency” and calls on free market marketers to publish the rates they actually apply and not just what they offer to new customers, “Which are few.”

Sanchez admits he still doesn’t know when he will have a European guarantee on top of gas

2022-05-31 15:21:49