The European Commission announced on Tuesday 25 April that it had authorised the extension of aid measures put in place by Spain and Portugal to reduce wholesale prices in the electricity market in the two countries, the MIBEL (Mercado Ibérico da Energia Eléctrica) (see EUROPE B12968A4).
The European Commission found that the aid was in line with European competition rules and, more specifically, with Article 107(3)(b) of the Treaty on the Functioning of the European Union, under which...