Ribera points out that Brussels will approve the gas cap next week

The Third Vice President and Minister of Transition, Teresa Ribera. / ef

The Commission finalizes the final approval that the vice president hopes to have "before the Andalusians" that are held on June 19

AC Madrid

The Third Vice President and Minister of Ecological Transition, Teresa Ribera, points out that the European Commission will give the definitive 'ok' to the plan of Spain and Portugal to cap gas prices for electricity generation "imminently". Specifically, before the end of next week.

To questions from journalists during the celebration of the
XXXII Enerclub Energy Awards, Ribera indicated that he hopes that the approval of Brussels will arrive "before the Andalusian elections", which will be held on June 19. “Sounds like a good date to me,” he said.

The European Commission itself indicated this Wednesday that "we are working tirelessly" to provide a response "as soon as possible." Faced with criticism for the delay in the decision, spokesman Eric Mamer defended that there was no detailed deadline for it and that the usual procedure is being followed.

At this point, Ribera insisted that "due to the detail and complexity" of the agreement, the Commission's decision "is a little slower than could be foreseen." But he insists the green light is imminent.

The proposal agreed by Spain and Portugal with the Community Executive establishes permission to, for a period of 12 months, set the average price of gas at around 50 euros/MWh. Specifically, it would start at 40 euros to later rise to 48.8 euros, a figure notably lower than the current reference price in the market of more than 100 euros/MWh -in the Dutch TTF market, a reference in Europe- , with a price that will start at 40 euros/MWh, for six months.

«We have been saying for more than a year that the design of the marginal market, which has been very effective up to now because it has made it possible to discriminate between technologies that produce electricity more efficiently at lower cost, is today distorted by changes in the price of gas. And that ends up being paid by the consumer”, insisted the minister. Ribera recalled that, in the case of Spain, this impact is felt "much more immediately."

fuel reduction

Regarding the possible extension of the 'anti-crisis plan' to deal with the impact of the war in Ukraine, which includes the bonus of 20 cents per liter of fuel, the minister defended the mechanism used "which applies to everyone at gas stations , regardless of whether we can consider in the medium term if this measure is still necessary or if there is the possibility of focusing the effort on families with more support needs.

The Government must decide before the end of June what measures and in what form of the decree currently in force it maintains as of June 30. Some measures that will have to go through Congress again at a time when relations with the opposition, and even with some government partners, are at maximum tension.

Although he did not close the door to changes in the fuel discount, he did indicate that "it is important that at a time like this, at the gates of the holidays, those who need it do not have problems."

Faced with the reduction in gasoline taxes demanded by the main opposition parties such as the PP, the minister recalled the reduction in energy taxation undertaken since last summer, with the intention of extending measures such as the reduction in electricity VAT 21% to 10% within the extension of the anti-crisis plan. "It is striking that the PP, which has not voted in favor of these measures, now includes additional comments on this taxation," Ribera reiterated. "If you care so much about electricity taxation, you have had occasions to publicly show your support," she said.

The third vice president explained that the accompaniment to sectors and households affected by the energy crisis cannot be based only on fiscal measures. “These are emergency responses that we must give, but we must accelerate the transition of the energy market and we cannot empty the public coffers if we do not take parallel measures that allow us to change what is causing these tensions,” she indicated.

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