Ribera explained that there is a possibility that the Spanish government will set maximum prices for the electricity market and for natural gas. Another possibility would be to "definitively withdraw gas from the electricity market and build a more complex system in which each technology is remunerated according to its costs and profitability".
The minister added that much though this is an urgent matter, it is also a temporary one. When the Agency for the Cooperation of Energy Regulators presents recommendations in April, this will lead to a debate on how the electricity market should develop over the coming years. This will be about "in-depth regulatory transformation". Right now, it is necessary to correct the rise in prices registered in recent weeks.
Asked if the government will intervene in the market without permission from Brussels, Ribera observed that it would be preferable if there were unanimous agreement. However, the government "knows the limits of its society and its economy". If there is not "a timely response", the government would have to plan to act separately. "We cannot afford the luxury of industry shutting down as a result of a lack of reaction from regulators. We need to intervene very quickly."
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The Solar Energy Sector is as was stated totally under developed but also totally unsupported from a business sector standpoint the government has such a Vague position the you see everything from your going to get some kind of a Credit to your going to have to pay a monthly fee to the government , I've even heard people saying that your not allowed to put those panels on your roof because it's gonna screw up the postcard photos of the village , all this changing there position on these things every 5 minutes has always made the people not invest and likewise businesses don't come .
Mark local company giving low cost solutions manufactured in the northeast England.. Power roll solar. Not using traditional photovoltaic cell but a unique semiconductor material. Robust and easily installed.
Mark as a resident of a part of the world where economics of solar is less than optimal. I must admit as a regular visitor to Mallorca I see fewer roof top installations of solar in Mallorca than my city of newcastle. Obviously at 55 north we have very long summer daylight by not much in the wintertime and it can be a bit how can I say cloudy. Majorca however as you suggest have peak electricity generation at a period of peak use like the holiday season and the island I’d not quite as cloudy as my home town. Keep away from wind and solar farms though they are bloody ugly And spoil the country side
Although I agree with what Marvin, David and Adam are saying, I can see one light at the end of that tunnel and that is, that SUNNY Spain and especially Mallorca will now push much harder to tap into the free energy source they have an abundance of: sun. It is kind of ridiculous you see so fee solar panels on houses and or solar panel parks or large building, having their roofs covered with solar panels. It is in fact quite hard to get good solar systems, as that market here is totally underdeveloped. And mainly as the government incentives are, although increasing, still very minimal.
Fuel companies are coining in the cash. Introduce Windfall taxes and redistribute to private (first) and commercial fuel payers on a means tested basis. Otherwise this crisis will create such hardship and antipathy to stir serious social unrest. It’s turning into a perfect storm.
This is a imported energy shock similar to the 70s and 80s the difference to that time being most electricity generation was provided by burning coal. The present dependence on gas for electricity generation makes the current situation much worse For states without gas reserves or significant LPG import facilities. So the world commodity cost is unavoidable. If Spain decides to decoupling along the cost of the fuel is still there and has to be paid for. France with its large nuclear fleet has been able to force edf to limit costs but is having to subsidise for risk of bankrupting that business. The French states owns the effective business so can ignor European Union rules and get away with it. The taxpayers pick up the bill
Can't wait to see how this is going to work , for sure someone is going to have to pay , All these People never had to work for a living these are real costs not made up these are real prices for services you can not one day say they don't exist !