Spain to ask EU for extension to Iberian gas price cap until end 2024

Summary by Ground News

Spain will seek EU permission to extend its temporary cap on reference prices for natural gas and coal used by power plants until at least the end of 2024. The so-called Iberian mechanism, in place in Spain and Portugal, is a joint scheme through which fossil fuel plants are subsidised.

Published 5 months ago · Spain

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Reuters

Spain to ask EU for extension to Iberian gas price cap until end 2024

Spain will seek European Union permission to extend its temporary cap on reference prices for natural gas and coal used by power plants until at least the end of 2024, Energy Minister Teresa Ribera said on Monday.

5 months ago·United Kingdom

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Anadolu Ajansı

Spain to ask EU to extend 'Iberian mechanism' gas price cap until end of 2024

Special cap on price of gas is set to expire this May - Anadolu Agency

5 months ago·Turkey

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www.larazon.es

Spain will ask Brussels to extend the “Iberian exception” at least until the end of 2024

The intention is for it to be with a ceiling similar to the current one, of between 45 and 50 euros per megawatt hour

5 months ago·Spain

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Jornal Expresso

Electricity: Spain wants to extend the Iberian mechanism until the end of 2024

Maintaining the maximum reference price of gas for electricity production at around 45 euros per megawatt hour until the end of next year is the proposal that Spain wants to bring to Brussels

5 months ago·Portugal

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Armenian News

Spain asks EU to extend Iberian gas price caps until end of 2024

Electricity prices in Spain have been steadily declining since they peaked in August...

5 months ago·Armenia

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abc

The Government will ask Brussels to extend the 'Iberian exception' until the end of 2024

“We would like (the gas ceiling) to remain in the lowest possible environment, 45 or 50 euros MWh, and that it can last at least less until the end of 2024,” says third vice-president Teresa Ribera

5 months ago·Spain

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