The European Commission has informally approved Portugal and Spain's request to extend the so-called "Iberian exemption" mechanism. The measure, which limits the price of natural gas for electricity production, was originally scheduled to end in May, but it will now run until the end of the year.The Portuguese government has revealed that the European Commission has informally approved its joint request with Spain for the extension of the so-called "Iberian exception" until the end of 2023. The mechanism artificially reduces wholesale electricity prices on the Iberian Peninsula by capping the ...Den vollständigen Artikel lesen ...