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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.

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  • 40% of the sources lean Left, 40% of the sources lean Right
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elperiodicodeespana broke the news in on Monday, January 9, 2023.
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