Ecological Transition expects three years of high electricity prices

Ribera cuts the remuneration for renewables by 756 million for this year.

The Vice President and Minister of Ecological Transition, Teresa Ribera, expects that the next three years the price of electricity will remain very high. According to the figures used by the Government to review the remuneration of renewable energies, the price of energy will stand at 207.88 euros / MWh by 2023; at 129.66 euros / MWh for 2024 and at 78.19 euros / MWh for 2025, which means prices well above the usual market average that has been below 50 euros / MWh over the last few years.

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