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Spain proposes energy market reforms Related articles

Spain wants to reform the European energy market and sends a proposal to Brussels. The main objective of the plan is to promote renewable energy by setting long-term prices for nuclear and hydroelectric power. Furthermore, the price link between natural gas and electricity must be eliminated.

Spanish Minister Teresa Ribera. Spain sends Brussels a proposal to reform the European energy market. (ANP/EPA)

This was announced by Spanish Minister for Ecological Transition Teresa Ribera at a press conference. Her proposal comes at the same time as Spain’s request to extend the so-called Iberian exception until the end of 2024. The exceptional position has given Spain and Portugal exceptional positions for energy prices.

Spain thinks the reform will be a difficult task, especially since several countries do not see the changes, such as Germany, Austria, the Netherlands and the Scandinavian countries. France, Italy and Portugal would support the plans.

Author: John Luke
Source: BNR

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