It discards the proposal four days after its announcement after protests from the industry and consumer associations and seeks new formulas with less market intervention.
The Spanish government has parked put a limit on the price of electricity in the wholesale market of 180 euros/megawatt hour (MWh), as confirmed on Monday by sources from the Ministry for the Ecological Transition. This decision comes four days after his announcement of the proposal to limit the price of electricity to 180 euros.
The Ministry has indicated that it has been working for days on other options that allow greater unanimity in the EU sphere. However, they have not detailed what these other options consist of.
The Minister for the Ecological Transition, Theresa Riveraand the Portuguese Minister for the Environment and Climate Action, Joao Matos Fernandesadvanced last week that they would propose that cap of 180 MWh in the daily wholesale market to avoid the effect of the rise in electricity prices on companies and families.
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.
Source: Eitb
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