29/03/2023 (Agence Europe) – Spain’s Minister for Ecological Transition, Teresa Ribera, said on the sidelines of the ‘Energy’ Council on Tuesday 28 March, that the European Union had agreed to extend the price cap on natural gas for power generation in Spain and Portugal. This mechanism, known as the ‘Iberian Mechanism’, consists of subsidising the production costs of fossil fuel power plants in order to lower electricity prices. This measure was agreed with the European...