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Energy measures cut consumption by only half of what Europe demands

Date: October 2, 2022 Time: 20:10:32

Ecological Transition Minister Teresa Ribera arrived from Palma de Mallorca in the midst of a government holiday to assess the first week of the energy conservation decree, which Demand for electricity in Spain decreased by 3.7%, comparing the consumption of the first and second weeks of August according to preliminary data. Savings achieved in the first week this is only half of the total agreed upon by European governments., which established a reduction in consumption of 7%. The government claims that this figure is included in its projections.

Ribera compared the data with the weather of the week, assuring that “it coincided with the maximum temperatures during the heat wave over a large part of the territory. Also, the third vice president of the government assured that this reduction may be due to “the greater sensitivity of homes and companies to the responsible use of energy. The trend is clear in terms of civic engagement and community efforts, as well as in terms of the effectiveness of the measure. Ribera criticized the PP’s criticism of the application of the measure, saying that “the reaction to the noise and those who create problems was correctly interpreted by the Spanish society and reacted unanimously.”

For second month of application of the “Iberian exception”Ribera assured that his statement was “effective“, having managed to reduce the impact rising energy prices in Europe, with an average price of 381 euros in France, 422 euros in Italy or 393 euros in Germany. “Today, almost all of Europe has a price above 500 euros/MWh, while in Latvia or Lithuania prices are above 800 euros,” he assured. In Spain, the price of electricity today is 236 euros.

“If we compare the price of each day with and without the mechanism, Spain saved 1,383 million eurosabout 22 million a day,” Ribera assured. These savings are calculated on the price of the “pool”, which for these two months had an average price of 143 EUR/MWh, but does not include compensation paid to gas companies due to the application of the gas cap, which increases the electricity bill by about 45%, according to La Información.

Source: www.lainformacion.com

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