European Commission Approves Spanish, Portuguese Measure to Lower Electricity Prices Amid Energy Crisis
June 09, 2022
June 09, 2022
BRUSSELS, Belgium, June 9 -- The European Commission issued the following news release:
The European Commission has approved, under EU State aid rules, a Euros8.4 billion Spanish and Portuguese measure aimed at reducing the wholesale electricity prices in the Iberian market (MIBEL) by lowering the input costs of fossil fuel-fired power stations. The measure was approved under Article 107(3)(b) of the Treaty on the Functioning of the European Union ('TFEU'), recognising tha . . .
The European Commission has approved, under EU State aid rules, a Euros8.4 billion Spanish and Portuguese measure aimed at reducing the wholesale electricity prices in the Iberian market (MIBEL) by lowering the input costs of fossil fuel-fired power stations. The measure was approved under Article 107(3)(b) of the Treaty on the Functioning of the European Union ('TFEU'), recognising tha . . .