On Tuesday 26 April the Spanish and Portuguese authorities announced an agreement with the European Commission on the setting of a cap on gas prices in view of the specificity of the Iberian peninsula within the internal energy market.
According to the agreement detailed by El País, the price of gas for power plants will be capped at 40 euros per megawatt hour (MWh), with the price set to rise to 50 euros within the next twelve months. This cap will be passed on to Spanish consumers who...