Ribera calls on Brussels for “urgent” and “exceptional” measures to lower the electricity bill

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Third Vice President Theresa Riverahas demanded this Friday from Brussels “urgent” and “exceptional” measures to lower the electricity bill. The person in charge of Ecological Transition supports the proposal of Ursula von der Leyen to cut electricity consumption, but calls for flexibility for each Member State to apply it in its own way.

Ribera participates this Friday in the extraordinary meeting of Ministers of Energy of the Twenty-seven, whose objective is to close a short list of immediate actions to intervene in the electricity market. After listening to all the Member States, the European Commission plans to present legislative proposals next Tuesday, September 13, that would be approved before the end of September.

The third vice president regretted that the EU is late to this discussion, which Spain began to raise last fall. “It’s probably a discussion we should have had a year ago so we could get there on time and avoid the spectacular cost of energy in Europe in these monthsas we have been seeing the use made of regulatory instruments and energy raw materials as a tool of war, of destabilization in Europe“, it states.

[Europa, dividida por energía: la UE renuncia a intervenir los precios y apuesta por obligar a recortar el consumo]

Our regulation is not prepared for stressful situations and it needs to be improved to resist future evolution. We need two things: urgent, exceptional measures that reduce the prices we are seeing; and we need to activate as soon as possible a reflection on how to make the functioning of the wholesale market evolve in the European sphere”, Ribera claimed.

Spain comes to this discussion with a “constructive will” and ready toshare the experience” of many of the measures that Brussels has proposed and that are already applied in our country. For example, the cap on the benefits of renewables and nuclear or the rate for gas and oil companies announced by the Government of Pedro Sánchez.

“It is unfeasible that this reduction in the price of electricity be made only on the basis of the contribution of the public budgets of the States. It is important to work on these systems of rates, taxes, contributions of the large energy operatorswho see how their income grows very significantly”, highlighted the European vice-president.

In his opinion, the EU must also open the debate on whether “we are in conditions or not and in what terms of power give signals of what is the price at which we are willing to buy natural gas“That is, to put a cap on gas coming from Russia by pipeline in the first place, but also from other sources.

“We need to be clear about how it is possible that there is a price differential so important for example between the Iberian gas market natural liquefied and the dutch market TTF,” says Ribera.

Spain also supports “to offer at full speed a response to liquidity demands that allow energy operators throughout Europe to continue buying with the corresponding financial guarantees, but without being strangled by the complexity that derives from this significant increase in the prices they have to pay”.

Will Ribera take advantage of the meeting to ask the EU to support the gas pipeline MidCat after France’s ‘no’ and the Commission’s indifference? The third vice president has not given a clear answer, although she implies that she has. Spain will always defend”further integration of the entire energy market in Europeregardless of what the local priority may be, the national priority and looking for ways to solve the problems that each of us may have from a technical and financial point of view”.

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