Spanish government backpedals on date to limit gas pricesBrussels is still awaiting the final document from Spain before it gives the money-saving measure the go-aheadIt seems increasingly unlikely that the limit on the price of gas used to generate electricity will be enforced in the coming days, since several missing “technical details” mean that the governments of Spain and Portugal have not yet sent the final document to the European Commission for approval. The cap on gas, which should have an immediate impact on the price of electricity bills for many consumers , will only come once the EC gives the proposal the green light, and spokesperson Isabel Rodriquez admitted on May 3 that there is great uncertainty about when this will actually happen. The Commission has confirmed that it has still not received the document promised by the two governments last week, when it was finally agreed that gas could be capped at 50 euros/MWh for 12 months. “According to the political agreement that was reached in principle on April 26, the Commission is waiting for the draft of detailed measures from Spain and Portugal, which have not yet been presented, either formally or in draft form,” EC representative Arianna Podesta said on Tuesday. Image: Archive

Source: Libya Today May 04, 2022 20:04 UTC