The Government will take advantage of the European electricity reform to ask Brussels for an extension of the Iberian exception

The Government is going to take advantage of the reform of the community electricity market that Brussels is preparing to ask the European Commission for an extension of the Iberian gas cap mechanism until the end of 2024.

"We are going to present to the Commission proposals for the modernization of the electrical system, but also

, until this crisis lasts and until the European regulation has been updated," he has advanced. the Minister for the Ecological Transition,

, this Monday in statements to

collected by

.

Ribera has detailed that the Government's claim is that the European Commission give the green light to a cap on gas "as low as possible", around

(megawatt hour), and that it can be extended for at least less less until the end of 2024.

Vice President Ribera has spoken on the same day that the President of the Government,

, has announced that the Council of Ministers this Tuesday will approve the proposal to reform the electrical system that Spain will present to the Community Executive that has required the States members their considerations regarding the planned adjustments.

The priority objective of Brussels is to urgently undertake the necessary changes to increase the strength of the European electricity market and reduce the impact of gas prices on electricity bills and, in parallel, promote the ecological transition.

The initial objective of Brussels was to adopt the agreed reforms during the first quarter of 2023.

To this end, the Commission asked the Twenty-seven to contribute ideas and share their red lines on this matter.

In the case of Spain, President Sánchez has advanced that the national proposal will ensure

"in a situation of tension and crisis in the markets of raw materials such as the one we are experiencing Spain today", which points directly to large electric companies such as Iberdrola, Endesa, Repsol or Naturgy and their contribution to weathering the inflationary storm.

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• Articles Paula Maria