Energy Markets – Part I

On the day that the European Commission announced the approval of the “brake” mechanism created by Portugal and Spain, designed to reduce wholesale electricity prices in the Iberian market (MIBEL), which limits the price of gas to produce electricity to 48.75 euros per megawatt-hour, see the article “Energy Markets” which explains why there has been such a significant rise in electricity prices and what measures companies can take to minimize the economic and financial impact.