At the meeting of the Council of Ministers on Tuesday, extending the gas cap until the end of the yearAs EL PERIÓDICO from the group Prensa Ibérica advances this Monday. So called Iberian mechanism It ended on May 31 this year.but the Government agreed with Brussels Extend until December 31st. “This mechanism gives us Separating evolution in price of electricity from natural gas when the latter reached record levels; thus moderating inflation and protecting Spanish familiesAt the press conference held after the ministerial meeting, he congratulated First Vice-President and Minister of Economy Nadia Calviño, who was tasked with announcing the measure. Third Vice President and Minister of Ecological Transition, Teresa RiberaHe is in Brussels to attend the European Union Energy Council.
In effect from the past 15 JuneThe mechanism called ‘Iberian exception’ by the Spanish Government, accumulated savings for “more” consumers €5.1 billionAs Calviño reiterated during a speech emphasized “extraordinary power” Although the Spanish economy “particularly complex” international context According to him, due to “geopolitical tension”, “rapid rise in interest rates” and “high volatility in financial markets”, it is due, among other reasons, to measures to lower energy bills like this.
The Iberian mechanism is based on imposing a maximum limit on gas-fired electricity generation (combined cycles, coal and some cogeneration). ceiling between June and December 2022, 40 Euros per megawatt hour (MWh); As of January, this ceiling percentage 5 Euros more per month until May when scheduled to end on a date Reference of 65 euros per MWh. With the amendment approved by the government this Tuesday, This path slows down when it drops from 55 euros per MWh this month in March to 65 euros in December, the last month of implementation. In other words, the monthly variation of the ceiling will be more limited as it is 1.1 euros per MWh. increase every month.
in the last weeks mechanism Since mid-February, the gas price does not reach practical effects, as the price of gas has been below the ceiling practically every day. In March it reaches 55 euros per MWh. However, Calviño argues in this context that “the expansion of the Iberian solution is above all a consumer safety net in case of Gas prices will rise again end of the year”.
sources European Commission confirming that they have reached an “agreement” with the Spanish and Portuguese authorities on key parameters the extension in question”. This is official decisionbut the only thing missing is the “pre-assessment” that the Commission services shared with the Spanish Government. Official approval corresponding to the College of Stewards. “The commission’s main objective is for the measure to protect consumers, both households and businesses, from the impact of high gas prices on electricity prices and trade conditions to some extent against the common interests,” these sources add.
This was the first Cabinet. Hector Gomez as Minister of Industry, Trade and Tourism, and Jose Manuel Minones As Minister of Health, after exchanging portfolios with the candidates for mayor of Madrid and Las Palmas de Gran Canaria this Tuesday morning, Reyes Maroto and Carolina Dariasrespectively.