Electric price hike on hold after auction annulled
The Competition Commission has overturned Thursday’s electricity auction, which caused an 11% raise in the price of electricity as from January, citing “atypical circumstances”. Wait – Spain has a Competition Commission? Since when? It does, and it’s called the CNMC. The CNMC refused to validate the results of the energy auction this morning, leaving the national government just 48 hours to decide whether to call for a new auction, or override the CNMC. In short: Continue reading Electric price hike on hold after auction annulled