Environment Minister Calls a Return of the 2022 Iberian Gas Price Cap a Mistake, Turning Down Business Confederation CIP
Maria da Graça Carvalho told MPs the Iberian mechanism, which capped gas for power generation at 40 euros a megawatt-hour from 2022, "penalises the economy". CIP had asked for it back. ERSE's 2027 proposal adds 0.54 to 1.28 euros to typical regulated bills.