Brussels requests Spain to request gas up to 30 euros
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That writes ‘El Independiente’ based on sources from the energy sector. EU countries such as France, Germany and the Netherlands oppose setting the maximum price of gas at 30 euros per megawatt on the electricity market. This was the proposal of Pedro Sánchez and his Portuguese counterpart, António Costa.
Division between and
The same date on which the latter are distributed on this date. As indicated by the media quoted, the European Community bloc would be willing to accept a maximum of EUR 50 MWh.
Competitiveness
Thus, it is expected that the Spanish and will settle for the amount of the price of a megawatt hour up to 50 euros. According to the sources, the more important countries within the EU are concerned about the effect a price cap would have on competitiveness: “It is likely that customers in the EU outside Spain and Portugal will complain about the unfair competitive advantage they will have with a very low cap”, analysts in El Independiente assure.
It that the administrators of Spain and Portugal came to address the price of gas for electricity production, this elaboration was given to the European Commission so that it could approve the “Iberian exception”.
Two circumstances for Iberian exception
For this island, two conditions were taken into account: the level of implementation of renewable energy sources and the few connections of the European continent. The measure would be in effect until December.
With this proposal for the calculation of the electricity bill, which affects the intention in the Spain, 8.8%, which according to official data was 5.3%.
It has an effect on the wholesale electricity market. The fringe system that Europe works, that the price is determined by the last energy that enters the system, which at current prices are gas-fired power plants.
marginal technologies
The document prepared by the two governments limits the application to fringe technologies: “In particular, and for the Iberian mix, it will only apply to combined cycle gas-fired, coal-fired and cogeneration plants.”
Temporary and measures
It also specifies that they are temporary and practical applications, as made at the European Council, given the “exceptional situations causing major changes” in the two countries.
Bal is now in Brussels
Now the ball is in Brussels’ court. At Monday’s conference, President Pedro Sánchez officially insisted that the decision be approved by Brussels “in a very short time.” It could then be published ‘with immediate effect’ in the BOE the next day. However, Third Vice President Teresa Ribera spoke this Tuesday of a period of approximately “three of four weeks” until its entry into force.