Latest political news, live
The European Union works in an emergency intervention of the electricity market after a year of escalating prices, as we have been telling in elDiario.es. The electricity market seemed untouchable, but Europe is experiencing an unprecedented situation, marked by the war in Ukraine after the Russian invasion, soaring inflation aggravated by the energy crisis, a historic rise in interest rates and the prospect that the Russian president, Vladimir Putin, turn off the gas for the fall.
In Spain, the so-called 'Iberian exception', the cap on the price of gas to mitigate the unstoppable escalation of the electricity bill in consumers with a regulated tariff, it has slowed the rise in the price of electricity since it came into force two months ago. The savings for Spanish consumers with this rate exceeds 18%.
