Ribera now asks Brussels for a review of the CO2 market: "It cannot be a guillotine for the consumer"

The vice president of Ecological Transition,

, changes her discourse and now calls for a review of the market for CO2 emission rights at the European level to mitigate the impact that its rising cost is having on the electricity bill.

Ribera defends this instrument as a tool that favors investment in clean technologies and innovation, but today he has recognized in the Congress of Deputies that its runaway price has gotten out of hand.

"The analysis of the impact of CO2 was not contemplated by the European Union, since it was moving at 25 euros per ton in 2025 and 50 euros in 2030, when in recent weeks we have seen CO2 prices of 50 euros," he explained to justify the need to undertake the

In this sense, the 'green' vice president has asked to review the liquidity of this market and the operators that comprise it, among which are banks and other financial giants.

He has not referred to another of the causes behind the skyrocketing cost of CO2: the progressive reduction of the rights granted by Brussels to encourage decarbonisation.

If the beneficiary facilities do not keep up, the demand for rights remains high while the supply is reduced, putting pressure on prices.

"The CO2 price signal must be an instrument to facilitate innovation, it cannot be a guillotine for domestic or industrial consumers. This is a relevant issue in the European debate," he explained.

Ribera has also announced that he has asked the European Vice President

and the Energy Commissioner,

, for a review of the marginalist system in the operation of the wholesale electricity market. The vice president explained that this system makes sense when the different ways of producing electricity move within a small cost gap, but not when a small part of the supply linked to gas sets prices so different from other sources such as renewables and, however, it ends up setting the cost of the megawatt hour for the entire market.

Ribera's intervention has occurred amid strong criticism from the rest of the political forces represented in Parliament.

Executive partners such as the

have considered that the VAT reduction is insufficient and have urged the vice president of Ecological Transition to carry out a reform of the system that does not penalize the consumer.

From the opposition, PP, Ciudadanos and Vox have reminded the socialist and United Podemos groups that they are failing to fulfill their promises to lower the receipt and have warned that the rush of their ecological transition has a cost.

Tomorrow the cost of a megawatt hour falls to

, but remains the highest in Europe and for the third consecutive day above three figures.

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