Germany and the Netherlands con­sider the rise to be tran­si­tory

Brussels Says No To Spain’s Calls To Leave The European System For Setting Electricity Prices

Electricity Towers.
Electricity Towers.

The di­ver­sity of opi­nions on the need for mea­sures to re­duce the cost of elec­tri­city bills pre­vented the European Council from ma­king pro­gress at last week’s sum­mit, which was held last week. A small group of coun­tries, in­clu­ding Spain and France, ad­vo­cated spe­cific mea­su­res, with pro­po­sals such as the French pro­posal to con­sider nu­clear energy as green, or price li­mits or who­le­sale market re­forms in the case of Spain.

On the other side, Germany and the Netherlands consider the rise to be transitory and do not believe that substantial reforms are necessary.

The government has asked the European Union to be able to leave the system for setting the price of electricity. In a document fixing its position at yesterday’s meeting of energy ministers in Luxembourg, the government requests the European Commission to be able, as an “exceptional measure”, to “decouple” electricity market prices and limit the price of gas.

“In exceptional situations, Member States must be able to adapt the formation of the electricity price to their specific situation”, the text states, which proposes obtaining the price of electricity with an “average price with reference to the cost of clean energies”, which are cheaper than gas. Spain also proposes limiting the price of gas and insists on the joint purchase of gas, which the EU ruled out weeks ago.

While Spain presented its document in Brussels, the European Commissioner for the Economy, Paolo Gentiloni, speaking from Madrid, where he was taking part in a forum organised by Europa Press, said that the measures adopted by countries to curb the impact of the rise in wholesale prices on electricity bills must be “temporary” and “respect the single European market“. In short, Europe is once again saying no to the Spanish government’s energy proposals.

The European Commissioner attributed the rise in energy prices to the increase in global demand as a result of the world economic recovery, which he described as a “collateral effect” of a “fairly strong” recovery, but pointed out that it is mainly affecting the most vulnerable households and the most intensive industries.

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