• Crisis Funcas dismantles the Government's plan: the announced measures will only contain inflation at one point

  • Low cost The gas stations warn the Government: "The bonus suffocates us, we will have to close"

The governments of Spain and Portugal have presented a preliminary proposal to the European Commission that establishes a reference price for gas of

30 euros per megawatt

(MWh) in order to lower the price of electricity.

This was confirmed by the Third Vice President and Minister of Ecological Transition, Teresa Ribera, during her visit to the region of El Bierzo (León), where she presented the project

'La Térmica Cultural'

at the facilities of the Compostilla I thermal power plant.

Ribera has made it clear that this is a joint proposal formulated by both governments and subject to


with the European authorities.

The President of the Government, Pedro Sánchez, announced on Monday that this week Spain and Portugal would submit to Brussels an

"exceptional and temporary"

measure to set a reference price for gas, after achieving an "Iberian exception" at the European Council on Friday that to lower electricity prices in both countries.

Sánchez stressed that this measure "

does not mean subsidizing gas

, it does not break the incentives for renewables or electricity flows between countries" and will allow Spain and Portugal to "significantly lower electricity prices immediately" and without "distorting" the Europe's electricity market.

"I am convinced that the approval by the European Commission will take place in a very short period of time and

the next day it will be approved in the Official State Gazette

with immediate effects on citizens' electricity bills" , he underlined.

Sánchez also explained this Wednesday in the Congress of Deputies that the cost of this measure

would be assumed by the energy system itself

, that is, that it will not entail subsidies or public aid.

Conforms to The Trust Project criteria

Know more

  • Gas

  • Portugal

EnergyRebates of 15 cents per liter, frozen prices or less taxes: the countries that already act against the rise in prices

Results 2021Mercadona earns 6% less, raises prices 2% and calls for calm: "There will be no lack of product"

Energy reform The CEOE warns that Spain will resemble Venezuela if it intervenes in energy prices or limits dividends

See links of interest

  • Last News

  • Oscar Winners 2022

  • When does the 2021 Income start?

  • Income 2021

  • Work calendar 2022

  • Economy Podcast

  • Paula Badosa - Jessica Pegula, live