Spain and Portugal Iberian exception: technical steps to greenlight price cap

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The government plans to send, this Wednesday, an official European Commission communication that contains technical explanations regarding the so‑called Iberian exception. The aim is to secure formal approval for measures intended to curb the price of natural gas and, by extension, stabilize electricity bills. This step was outlined by Teresa Ribera, the Third Vice President of the Government and the Minister for the Ecological Transition and Demographic Challenge, who made the announcement earlier today.

Ribera indicated that the Commission had already expressed, in writing, its position on the proposal and the agreement between Spain and Portugal, while awaiting the clarifications that will accompany the forthcoming document. She described the upcoming submission as the final element needed to complete a significant administrative stage, rather than a new policy debate, highlighting that some procedural details still need to be finalized.

She stressed that there is only a short window left before the joint Spain-Portugal agreement can receive formal authorization. The government’s Wednesday response will address a procedural requirement, not prompt fresh debates, and is aimed at moving the process forward within the bureaucratic timeline that governs such cross‑border energy measures.

Ribera argued that the matters involved are technical in nature, and she expressed confidence that no obstacles are expected. She reminded observers that the Commission is fully aware of the joint proposal from both countries and is proceeding in close coordination to finalize the arrangement for the Iberian market context.

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