Spanish PM says gas price ceiling to be 40 euros/MWh

Measure to be passed on Friday

12 May, 14:01

    (ANSAmed) - MADRID, MAY 12 - The Spanish government will on Friday in a special Council of Ministers meeting approve a 40 euros/MWh ceiling on gas prices for which it has received EU approval.

    The news was given by Prime Minister Pedro Sánchez, who said that "we will in this way reduce bills that families and businesses are paying".

    He was speaking during an event on EU aid for post-COVID recovery.

    Sanchez said that, with this gas ceiling, the maximum cost will be around half of the current cost.

    A similar measure, he added, will also be approved in Portugal, another country that the EU has granted an exception to as concerns the functioning of the energy market.

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