Financial analysts are not entirely sure about Spain and Portugal's proposal to cap gas used to generate electricity at €30/MWh on gas used to generate electricity in order to lower the price of electricity. "It is not 100% certain for us that the EU would approve such a low limit," says Banco Santander. As for JP Morgan, its analysts explain that "it is unlikely that the proposal will be accepted by the EC". For its part, JB Capital Markets says that it would not be surprising "to finally see a higher limit with a shorter duration".