EU leaders agreed to grant the Spanish and Portuguese prime ministers, Pedro Sánchez (right) and António Costa (left), the opportunity to set their own electricity prices (Photo: European Union)

EU to assess Spain and Portugal price-cap plan 'without delay'

Green Economy

by Elena Sánchez Nicolás, Brussels,

Spain and Portugal will both propose to Brussels this week a package of emergency measures, including a price cap on natural gas, in a bid to reduce the impact of energy prices on families and companies.

But Madrid and Lisbon will have to wait for the EU Commission to evaluate and approve the plans before any such measures can kick in.

These "exceptional and temporary" measures would have immediate effect on electricity bills, Spanish prime minister Pedro Sánchez said on Monday...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login

Green Economy

Author Bio

Elena is EUobserver's editor-in-chief. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

Poland and Hungary challenge rule-of-law tool at EU court

Denmark's word against Poland's in raspberry spat

Constitution debates underway

Poles divided over new EU borders

EU leaders agreed to grant the Spanish and Portuguese prime ministers, Pedro Sánchez (right) and António Costa (left), the opportunity to set their own electricity prices (Photo: European Union)