Gas price will remain high ‘due to heatwave’ despite Iberian exception

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This was explained by the minister when asked about the high gas price recorded this Tuesday, despite having implemented the Iberian exception mechanism. “You don’t need to compare this Tuesday with this Monday. You have to compare today with what it would be like without the gas cap. And it would be 73 euros more expensive than what we paid for,” Ribera explains in an interview with TVE collected by Europa Press.

As he predicted, the gas price will continue to rise in the coming days due to the heat wave, the “tension” caused by Gazprom’s statement, the accident at one of the main US factories, and even gas. “The expectation that more will be needed,” he said.

In this regard, it has been stated that “we have to give space to see how things develop” It also compared the prices of the wholesale gas market in Spain and other neighboring countries.

“Obviously we would have liked the lower price, but the price in Spain is significantly below that of France or Italy,” he compared.

“We have to give it time, wait for it to sit down. But even in extreme situations like the one we live in, we will pay less today than we would have paid in the absence of this measure,” he added.

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