Zigor Urkiaga: “The electricity decree will be a nice patch, but it will not solve the problem”

In the opinion of the director of strategic projects and industrial administration of the Basque Government, Zigor Urkiaga, the decree to the electricity companies approved yesterday by the Congress of Deputies is still “a nice patch” that in the short term will help to alleviate the increase in the price of electricity, but “will not solve the problem. trouble”.

In an interview with the “Boulevard” program on Radio Euskadi, Urkiaga analyzed the situation of the Basque industrial economy, which accounts for 40% of GDP and therefore “feeds us.” As explained, the industry consumes a lot of energy, which has to be bought abroad (92%, specifically). The price escalation, caused by the “brutal increase in production “, has caused demand to grow: “The markets have not been able to increase the supply as soon as the demand (…) and some competitors are willing to buy gas at any price, so that in the auction, the supply of gas mark the price. ” For Urkiaga this situation could suppose “a cooling in the recovery”, although he has added that both the Spanish government like Europe they could rectify the situation by changing some of their policies.

“What Europe has to do is consider what is the market price formation system or model because what does not have much logic is that the last one who arrives and buys more expensive sets the price. You do not go to the Bermeo fish market , and the price of sea bream marks the price of furniture …. Well, that is more or less what happens in the energy market, “he argued.

Thus, he has predicted that in the coming months the stoppages in companies, such as those announced in Sidenor or ArcelorMittal, could become general.

(We are working to expand the information)