Portugal Approves Electricity Price Caps in Case of Energy Crisis

naszdziennik.pl

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Under the new regulation, the government will block electricity price increases if retail prices increase by more than 70 percent or exceed the average price over the last five years by 2.5 times, i.e., if they exceed €180 per megawatt-hour.

financiarul.ro

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The Government of Portugal has approved a draft law allowing the temporary flow of energy prices to the economy and companies. The measure comes as a protection against a possible energy crisis announced by tensions between the US, Israel and Iran. The conditions for the activation of the protection mechanism would only be activated if energy prices for consumers grow [...]

sabado.pt

IOL Portugal

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O Minho

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With a strong energy crisis being declared, the Government can take measures to support customers giving stocks and businesses, setting limits for energy premise "under the cost threshold", as the Prime Minister explained.