Spain and Portugal will both propose to Brussels this week a package of emergency measures, including a price cap on natural gas, in a bid to reduce the impact of energy prices on families and companies.
But Madrid and Lisbon will have to wait for the EU Commission to evaluate and approve the plans before any such measures can kick in.
These "exceptional and temporary" measures would have immediate effect on electricity bills, Spanish prime minister Pedro Sánchez said on Monday (28 March) when he announced the €16bn plan to cushion the impact of high energy prices on Spanish families and businesses. EU Observer.
