If everything goes according to the Spanish government's forecasts, as of Wednesday, May 4, consumers who have contracted a regulated electricity tariff, also known as PVPC (voluntary price for small consumers), will see a reduction in their bill of around 30%. This has been anticipated by the Minister of Ecological Transition, Teresa Ribera, on Wednesday. The Spanish government intends to approve the measure next week, limiting the price of gas to around 50 euros for 12 months, which received the go-ahead from Brussels yesterday. The goal is for the measure to come into force as soon as possible, in all likelihood next week.

"Between now and the end of the year we will propose a reform of the gas market and we will review problems surrounding storage and security of supply". These are the words of the Commissioner for Energy, Kadri Simson, this Wednesday in the plenary session of the European Parliament, which debated the escalation of electricity prices across Europe. The President herself, Ursula von der Leyen, admitted that the root of the problem was the heavy dependence on Russian gas. And she reiterated that there is a gas storage problem, a debate that had been brought up by Spanish president Pedro Sánchez. In the framework of the European summit with the Western Balkans, the Socialist leader has again called for a reform of the electricity market and a joint gas purchase to address the rising cost of electricity.