European Commission Approves Prolonged and Amended Spanish and Portuguese Measure to Lower Electricity Prices Amid Energy Crisis
April 25, 2023
April 25, 2023
BRUSSELS, Belgium, April 25 -- The European Commission issued the following news release:
The European Commission has approved, under State aid rules, the prolongation and amendments of a 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 amended measure, which will be in place until 31 December 2023, was approved under Article 10 . . .
The European Commission has approved, under State aid rules, the prolongation and amendments of a 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 amended measure, which will be in place until 31 December 2023, was approved under Article 10 . . .