Tuesday, May 17

Teresa Ribera insists on rejecting a public energy company but says there are “interesting” experiences

The fourth vice president and minister for the Ecological Transition, Teresa Ribera, has again rejected this Tuesday the creation of a public energy company that Podemos defends, although she has admitted that there are “interesting” experiences and it is necessary to “think” about the “good number of hydroelectric concessions that have expired or are about to expire. ”

“It is important to listen to everyone. Today, we do not believe that the model of recovering by dedicating a large part of public resources to the buy-back of a private company makes sense. And we are not sure that the creation of a public company ex novo can generate a great change “, although” the experiences of some cities that are trying it are interesting to see what works “, he pointed out, in an appearance in Congress in which he has warned that high electricity prices are going to continue “in the coming months.”

The vice president then pointed out that “we have a good number of hydroelectric concessions that have expired or are about to expire. And that allows us to think about how, in your case, when we want, let’s think, in what way these same jumps can be used, either for storage, or for electricity generation, or for proximity management, or for a new tender, we must update what are we talking about, what are the benefits, the public interest behind it and how can the greatest possible benefit be promoted “.

These have been his words after various groups on the left have demanded the creation of a public energy company, “something normal in the countries around us”, as pointed out by the deputy of United Podemos Juan López de Uralde, who has recognized that this question did not appear in the Government agreement with the PSOE.

The Executive has identified about thirty hydroelectric jumps that will expire in the next decade, without clarifying what it is going to do with them. Ecological Transition has just proposed giving more weight to the State in the management of the Duero and Ebro hydroelectric plants: the draft of the Duero hydrological plan that has just been submitted for consultation believes that it is “reasonable that the new linked renewable plants be reserved for the State” to the prey; and that of the Ebro insists on the process of “reversal” of concessions and bets on the “development of new reversible jumps”.

Letter to Timmermans

In an appearance at the Commission for Ecological Transition and Demographic Challenge to explain the new electricity bill and the measures adopted to lower the electricity bill, Ribera has acknowledged his “concern” about the high prices of electricity and explained that he has remitted a letter to the Vice-President of the European Commission and head of the European Green Deal, Frans Timmermans, to address the design of the European electricity market and “how to evolve” in it in a way that is “simple” and sends “clear signals” and the cost of CO2, which is skyrocketing, does not generate “distortions” in electricity prices.

Ribera has referred to the possibility of paying a different price to older power plants through so-called “contracts for differences”, but “today it is difficult for them to fit into the European response.” “We need a job and coverage unless we want to leave the EU or want sanctions from the European institutions to accommodate this change”, “generating confidence” and avoiding being the “pariahs among international investors”, alluding to the dozens of arbitrations against Spain that led to the cuts to the Mariano Rajoy stage, which still involve pending claims amounting to more than 4,000 million that are pending resolution.

The fourth vice president attributed the rise in the wholesale electricity market, which in June marked the most expensive month in history, to the “extraordinary increase in gas and CO2 in international markets”, which is “likely to continue for at least less a few months ”and that, he said, is“ closely linked ”to the environmental commitments of Europe and the United States. Climate change “explains part” of this rise and fossil fuels, he insisted, are the “great structural problem.”

Ribera has defended the new bill that penalizes consumption in the most expensive hours, although he has recognized possible communication errors because “you have to explain yourself well.” And he recalled that its launch has coincided with this rise in the so-called pool, which has had a “similar increase” in other neighboring countries.

He also pointed out that there are “19 European countries that have a higher level of concentration in the companies that generate, supply, and market electricity.”