The Government is studying an intervention in gas prices to curb the rise in the electricity bill
The Executive is analyzing setting a similar cap to the Iberian exception, but there is no consensus as it would harm renewables and break European market rules
The government is considering a potential intervention in the electricity wholesale market (pool) in response to fears of further increases in natural gas prices, according to political and business sources. The pool is a market where the most expensive power plants, which run on gas combined cycle, determine prices once the sun goes down and solar production ceases.
Other sources suggest that the Executive, under pressure from Sumar partners, is examining the possibility of reinstating the so-called Iberian exception, which Spain implemented in 2024 following the energy crisis caused by Russia's invasion of Ukraine and a lengthy negotiation with the European Commission. This mechanism involved a state subsidy or aid that Spain reluctantly accepted, despite Brussels' objections.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
