Minister Ribera advocates in Brussels for changes in energy markets

The third vice president of the government and Minister of Ecological Transition, Teresa Ribera, warns Brussels of the impact of the rise in CO2 emission rights in the electricity market, raises the need for changes in energy markets and asks that their effects be calculated on citizens if they are to support the energy transition promoted by Europe.

In a letter to the Vice President of the European Commission, Frans Timmermans, Teresa Ribera warns that the European plan Fit for 55, which aims to expand the market for CO2 emissions to transport and housing, will have a strong impact on citizens.

Inequality gaps

He argues that social objectives are as important as the environmental objectives pursued by the European plan, to “prevent inequality gaps from widening.”

The minister reviews the evolution of the electricity market in Spain, the loss of market share of plants that use fossil fuels, but highlights the impact of the rise in the price of CO2 on electricity rates, “with regressive effects on the consumers, threatening the energy transition. “

They can’t understand

“Consumers cannot understand – he emphasizes – that efforts in the deployment of renewables do not translate more directly and immediately into a reduction in prices.”

To ensure the energy transition – says the person in charge of the area in Spain – “we must reconsider the design of the energy markets”, giving the appropriate price signals – he points out – but also with “an equitable distribution of the benefits associated with the transformation of the mix. energetic”.

Calculate the impact

Before taking any measure – Ribera insists to Vice President Timmermans – “its impact should be carefully calculated … particularly in the current situation, in which energy poverty is a growing problem in the European Union that must be faced.”

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