Brussels refuses to regulate the fixing of the price of electricity as requested by Spain and also proposes aid for nuclear

• The Commission’s draft to reform the electricity market is betting on long-term private contracts instead of regulated auctions.
• It aligns itself with Germany in punctual reform and reduces the role of governments to grant public aid to produce and store electricity.
• Nuclear energy would receive the same treatment as renewables compared to the role that Spain wanted to give it.

The European Commission considers that the EU electricity market has to promote the development of renewable energies and stabilize prices for consumers through long-term contracts to produce it, but rejects that these agreements are signed under the baton of the State, through contracts for differences or regulated auctions as proposed by the Spanish Government. Instead, it proposes that it be through private contracts between operators in a market in which the role of governments will be to grant aid to support new investments both to generate and store electricity, to renewable facilities, but also nuclear energy.

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