Natixis - The exception that confimrs the rule: Final approval for the Iberian mechanism

Report

Natixis

Jesus Castillo

The exception that confimrs the rule: Final approval for the Iberian mechanism

On 8 June 2022, the European Commission accepted the gas price adjustment mechanism requested by the Spanish and Portuguese governments. This measure, implemented on 14 June 2022, is temporary and will remain in force until 31 May 2023. It allows to cap the price of gas used as an input by power plants in order to lower the price of electricity on the Iberian wholesale market (MIBEL).

15/06/2022 1 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Jesus Castillo

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The exception that confimrs the rule: Final approval for the Iberian mechanism

UK: visibly distraught Chancellor of the Exchequer

Royaume-Uni : une chancelière fragilisée

Aging into red ink: Dearth of workers is driving the debt trajectory

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