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Several electricity companies are informing Basque companies that they will not break their long-term contracts

As EiTB Media has learned, several power companies are already sending letters to the companies informing that they will not break their long-term contracts as they had threatened. Specifically, they have notified that they will maintain the rate conditions prior to the rise in electricity.

Companies live a point of tranquility in this maelstrom of escalating electricity prices. As EiTB Media has learned, several power companies are already sending letters to the companies informing that they will not break their long-term contracts as they had threatened. Specifically, they have notified that they will maintain the rate conditions prior to the rise in electricity.

The Plenary of Congress validated on Thursday the decree law of cutting extraordinary benefits of the electricity companies due to the gas cost not assumed, and approved its processing without changes by rejecting its admission as a bill.

Even so, during her defense of the decree law, the vice president for the Ecological Transition, Teresa Ribera, stressed the temporary nature of most of the measures included – the cut to the overpayment is until March 31 -, and assured that it works not to apply it to the supply of energy to industries at “reasonable prices.”

Later, the vice president clarified that she negotiates with the industry and with the electricity companies the supply conditions to the plants to favor medium and long-term contracts at stable prices, prior to the current price escalation.

At this point, he assures that “the forecasts for September (when this decree law was approved) have been outdated”, something that “forces us to review measures already adopted” and “adapt them”.

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