The Vice President and Minister of Ecological Transition, Teresa Ribera, has charged this Wednesday against the proposal for a cap on the price of gas launched yesterday by the European Commission, considering that the proposed limit -275 euros per megawatt hour as long as it carries a couple of weeks in those records and make a big difference with other markets - it falls very short and offers no solutions. So many conditioning factors "make it practically unfeasible, a joke," she assured.
With a ceiling figure so far from current prices, over 120 euros, and close to historical maximums, "it generates the opposite effect of the desired one, it induces an artificial increase in prices", thus counteracting efforts. "The Commission has not taken this exercise seriously," he continued.
Ribera has stated that the proposal, officially a "excessive price correction mechanism", will also clash with other European industry colleagues. The holder for the Energy Transition revealed that she has been in contact with "many ministers" who have conveyed their "feeling quite upset". "There is a very high level of outrage, logically."
Blocked by the German rejection of the initiative, until yesterday the European Commission had not been able to present a legislative proposal. After months of waiting, "the most dramatic thing is that we have asked the EC to present a serious proposal. This is not it, it is a joke," he stressed.
The minister has urged the Commission to change its position. “I am aware that there are Member States that are going to say that either a serious proposal is made, or we simply stop supporting the Commission's proposals on other issues that may be important to it,” she added.
On the other hand, regarding the failed renewables auction on Tuesday, in which only about 50 of the 3,000 proposed megawatts were assigned, he has asked for "tranquility." "The current time is very turbulent, with high prices for raw materials and uncertainty with financing," but there is "a time of high demand through other channels," such as private purchase and sale contracts (PPAs). "This does not mean that there is no investor appetite," he stressed.
