The maximum price of 180 euros/MWh was a reference that existed in Spanish and Portuguese regulation until in 2019 a European directive prohibited maintaining limits on offers from electricity companies in the wholesale market.
The Third Vice President and Minister for the Ecological Transition and the Demographic Challenge, Theresa Riverastated that the governments of Spain and Portugal plan to present a joint proposal to the rest of the European partners to limit the price of the megawatt hour MWh in the wholesale market to €180/MWh.
The maximum price of 180 euros/MWh was a reference that existed in the Spanish and Portuguese regulation until in 2019 a European directive prohibited maintaining caps on the offers of the electrical companies in the wholesale market.
For this reason, the minister has considered that, if just two years ago “it seemed like a madness that would never be reached and today it is largely overcome”, it is “little debatable that it should be the maximum stop that we must accept in our market”.
In this scenario, he has insisted that the Government is waiting to take measures until it has a response from the European Commission, something that can be seen as “an opportunity to build more Europe”, although he has indicated that he will give a “national response” to decouple gas from the electricity market if the European Union falls behind.
The third vice-president has insisted, however, that the Government is working on a European response, for which she has considered “essential” that in the European Council of the March 24 and 25 there is not only an orientation, but also some decisions “as operative, immediate and effective as possible”.
Source: Eitb
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