POWER: Spanish Govt Considers EUR50/MWh Gas Cap To Curb Power Prices
Spain is considering capping gas used for power generation at EUR50/MWh for one year amid rising energy prices, Cinco Das reported Wednesday. * The Economy Ministry confirmed it is negotiating possible new measures with energy companies, while the Ecological Transition Ministry said action may be needed without specifying measures. * Other options under consideration include cutting electricity VAT, using CO2 allowance revenues to cover network charges and changes to the regulated gas tariff. * Existing energy-crisis support measures are being phased out through end-September.
Spain is considering capping gas used for power generation at EUR50/MWh for one year amid rising energy prices, Cinco Das reported Wednesday. * The Economy Ministry confirmed it is negotiating possible new measures with energy companies, while the Ecological Transition Ministry said action may be needed without specifying measures. * Other options under consideration include cutting electricity VAT, using CO2 allowance revenues to cover network charges and changes to the regulated gas tariff. * Existing energy-crisis support measures are being phased out through end-September.