Big industry supports the Brussels energy proposals and urges their application

Rejects action mechanisms in the electricity market based solely on subsidies to consumer companies

MADRID, Sep. 14 (EUROPA PRESS) –

The Alliance for the Competitiveness of the Spanish Industry, made up of large business organizations from different sectors, has supported the measures presented this Wednesday by the European Commission to mitigate the effect of the energy crisis and has underlined the need to adopt them “immediately” , as reflected by the organization in a statement.

The alliance agrees with Brussels on the “urgent need” to decouple the European gas and electricity markets and positively assesses that, “aligning itself with what Spain warned months ago”, the European Council has ratified the need to modify “in a urgent” the operation of the electricity market in the bloc.

“A year has passed since the start of the energy crisis and we cannot lose any more time to give an effective response,” the organization urged.

Regarding the decoupling of the European gas and electricity markets, the alliance has delved into what must be implemented ensuring that “all electric generators that require gas for their operation can have a supply at competitive prices and not linked to ‘spot’ “.

However, the organization rejects European action mechanisms in the electricity market “based solely on subsidies to consumer companies by member states” because they would depend on “budgetary availability” and “political decisions”.

In the opinion of the alliance, the only tool that can facilitate the continuity of European industry is to offer competitive electricity and gas prices for industrial consumers.

On the other hand, he sees it necessary to act on the European market stability reserve, which automatically regulates the supply of CO2 emission rights that are put into circulation.

In this sense, he considers that emission rights should be placed on the market “to favor the reduction of the price of the electricity market”.

In national terms, the organization has emphasized that “the holding of energy auctions for inframarginal technologies” is still urgent, provided for in Royal Decree Law 17/21 and that they have not yet been called.

The Alliance for the Competitiveness of Spanish Industry is made up of Anfac and Sernauto (automotive), AOP (refining), Aspapel (paper), Feique (chemicals and pharmaceuticals), FIAB (food and beverages), Oficemen (cement) and Unesid ( iron and steel industry).

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