spain electric

wholeshale electricity market

The Reform Of Spain’s Electricity Market Is Still On The Table, Despite Depending On European Regulations

Last Tuesday, the Spanish Council of Ministers gave the green light to the general guidelines of its Sustainable Development Strategy for 2030. The document stated that “the required regulatory changes for the reform of the electricity market should be addressed, putting an end to the extra compensation that certain technologies receive”. Implicitly, this refers to nuclear and hydraulic energies. However, the government has little control to make such modifications as the wholesale electricity market is under the umbrella of European regulations.