EU calls on Spain to scrap regulated electricity tariff as millions of residents face €240 rise

EU calls on Spain to scrap regulated electricity tariff as millions of residents face €240 rise

The European Commission has asked Spain to begin phasing out its regulated electricity tariff, known as the PVPC, in a move that could affect around eight million households and reshape the country’s energy market. The request forms part of Brussels’ latest review of European retail energy markets, which argues that long-term state intervention in electricity pricing conflicts with European Union… Source