EU leaders have given Spain and Portugal a special mandate to manage their own electricity prices, European Commission President Ursula von der Leyen said today.
The President of the Commission said that this was possible because these two countries have a relatively high share of renewable energy sources in their energy mix and very few connections to other parts of the EU network.
“We have agreed on a special treatment that is possible for the Iberian Peninsula so that the Iberian Peninsula can deal with this very specific situation in which it is located and manage the prices of electricity,” von der Leyen told a news conference after. the meeting of EU leaders in Brussels.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
