Sánchez will defend in Europe an unprecedented electricity reform that jeopardizes the benefits fallen from heaven

The Government returns to the charge to convince Europe to undertake a comprehensive reform of the electricity market.

The Council of Ministers has agreed on Tuesday the proposal that the Executive will send this week to Brussels and that incorporates two of the main workhorses of Pedro Sánchez in Brussels:

of the large energy companies.

The Government's plan involves bifurcating the current electricity market, through a "very liquid and transparent" short-term energy purchase and sale market (daily and intraday), combined with a

capacity and flexibility

and services .

In short, a 180 degree turnaround in the community energy market.

The road map that the President of the Government, Pedro Sánchez, will defend before Brussels would require

.

Not surprisingly, it involves major regulatory adjustments, including the modernization of the internal market directive, in order to facilitate the introduction of capacity markets that guarantee security of supply and the easy development of so-called contracts for difference (CfD). , which

by guaranteeing green promoters a price necessary to cover the initial costs and a determined useful life.

The impact on prices of the reform proposed by Moncloa will be gradual: as the volume of energy contracted in term increases, price volatility will decrease.

The new model, therefore, implies separating the price of gas from the final prices paid by the consumer, since it proposes that each technology have its own contracts, at a fixed price and oriented to the costs of each of them.

In this way, the main lines of the Moncloa plan suppose to

, since the inframarginal technologies (nuclear, hydraulic and renewable), which support less loads than the emitting technologies (combined cycles), will receive a payment proportional to its costs, and not the matching price between supply and demand, as is currently the case.

Gas cap until 2025

In the same reform proposal, the Government has included a request to the European Commission to

, in force since June 15, which Brussels granted as an extraordinary measure to Spain and Portugal.

As the Minister for the Ecological Transition,

, advanced yesterday, the Government wants a new bull from Brussels to extend the Iberian exception beyond May 23, the deadline set by the Community Executive, "until this crisis lasts and until the European regulation has been updated".

So that it allows to contain the electricity bill in a situation of high prices and in the context of the current electoral year.

Ribera assured this Monday that the Government's intention is for the European Commission to give the green light to a cap on gas "as low as possible", around

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

According to the criteria of The Trust Project

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