Connect with us

Business

EU electricity market proposals not enough to cut prices – Spain

Published

on

 


High voltage power lines and electricity pylons photographed near Berlin, November 7, 2006. REUTERS / Pawel Kopczynski // File Photo

MADRID, Oct.13 (Reuters) – Measures proposed by the European Commission to help member states deal with stubbornly high electricity prices do not go far enough to solve the problem, Spain said on Wednesday.

Record-breaking electricity and gas prices hit industry and inflate national electricity bills, fueling demands for action to which the European Commission has responded with suggestions, including the possibility of states jointly purchasing natural gas . Read more

Spain’s Energy and Environment Minister Teresa Ribera, who called among governments for intervention by European authorities, said Brussels understood the economic impact of high global gas prices, but did not go far enough.

The proposals “do not address the exceptional situation in which we find ourselves with exceptional measures sufficient for the challenge we face,” said Ribera.

It was “very interesting” that the Commission’s proposals included the possibility that the bloc could seek to jointly build strategic gas reserves, Ribera added.

She said she “also looks with satisfaction” on a pledge that the European Securities and Markets Authority will investigate the EU’s carbon market, which Spain and the Czech Republic say is being distorted by speculators .

Twenty of the EU member states have drawn up emergency measures to deal with soaring prices.

Spain is more exposed than some of its neighbors to price volatility due to the design of a common electricity tariff, and the government has rushed to recoup what it sees as unfair company profits. electricity.

CEOs of 19 major power companies across the bloc, including the largest Enel (ENEI.MI), wrote to European Union officials to “strongly caution against short-sighted policy measures.” The letter, dated October 14 and seen by Reuters, does not distinguish any country or set of measures.

Reporting by Isla Binnie in Madrid and Kate Abnett in Brussels; Editing by Kirsten Donovan

Our standards: Thomson Reuters Trust Principles.

Sources

1/ https://Google.com/

2/ https://www.reuters.com/business/energy/eus-power-market-proposals-not-enough-curb-prices-spain-2021-10-13/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]