Vice-President Ribera calls EU curb record electricity prices as electricity prices have again reached historic highs this week for the third time so far this year, after again exceeding the ceiling of 100 euros per megawatt hour, a price that triples that was paid 12 months ago in the wholesale energy market, according to data from the Operator of the Iberian Electricity Market (OMIE), surpassing the rises during the Filomena storm and the previous historical high of average price, which was marked in January 2002.
The executive tried in June to contain the price increase by reducing the VAT that is applied to the electricity bill from 21% to 10%, after the previous month there was an annual increase of 45.4% on average, until it became the most expensive May in history for electricity. However, this measure has not stopped the rise in electricity prices and the Government is considering other measures to contain its prices, also using Brussels.
Thus, the third vice-chairman of the Government and minister for Ecological Transition and the Demographic Challenge, Teresa Ribera, has claimed on Thursday to the European Union to take measures to curb the rising cost of electricity in an interview with the Financial Times in which he defended set a cap to their prices in place of the invoice is determined by the maximum price that the electric networks are willing to pay.
Vice-President Ribera calls EU curb record electricity prices
Ribera has argued that, if a ceiling is not set for electricity price rises, consumers could reject European initiatives to reduce carbon dioxide emissions, which imply a higher cost in the energy bill by applying environmental taxes. In addition, the third vice president has assured that Spain is "in the eye of the hurricane" before the rise of the electricity bill.
” We need to review the functioning of a market that developed its rules when the difference between technologies was not so great, " said Ribera. "I need a price that covers costs but that is reasonable for the consumer but the European Commission considers that this is not compatible with a market with a lot of internal competition, in which the fundamental rule with respect to price is the marginal cost of the last megawatt", he added.
Vice-President Ribera calls EU curb record electricity prices
In fact, marginal costs are being more impacted by the price of natural gas and carbon dioxide emission rights than by renewable energies, which are cheaper, according to the Financial Times, which points out that Teresa Ribera seeks to have the EU review its energy price mechanism and use existing legislation to curb or reduce pollutant emission rates.
In fact, the minister of Ecological Transition has criticized the european regulations on energy prices and marginal costs are better suited to the conditions of markets such as Germany or Poland, on the need to encourage investment for the dismantling will gradually phase out its coal industry, while the EU has ensured that its current price system encourages competition, and that are renewable which are helping to reduce the energy bill.
Vice-President Ribera calls EU curb record electricity prices
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These are the companies most used by Spaniards when ordering food at home
The announcement of the cessation of the activity of Deliveroo in Spain has caught many of its autonomous riders by surprise, those who will suffer the real impact of this strategic decision of the home delivery company. However, users will notice less its disappearance: only a 20% of the population who recognizes regularly order food at home operated with the company, according to a recent study by Statista.
Another rooster would crow if Just Eat decided to do the same. Although its latest moves are in the opposite direction: it has advanced all the operators in the sector and is already negotiating with its delivery people the first collective agreement.
The study of Statista prepared from online surveys between April and June 2021 to 1.047 residents in Spain, highlights that in the last year Just Eat remains the operator most used by users to order food to take away. It adds 50% of the demand, followed very closely with 49% by Telepizza.
In the war between suppliers of delivery in Spain, Just Eat takes 10 percentage points to Glovo, which remains as third option for residents in Spain.
Far from the top positions is Domino's (34%), which loses is his particular head-to-head with Telepizza, Uber Eats (26%), and Deliveroo.
The previous macro survey of Statista, with data from all 2020, also placed Just Eat as the dominant takeaway operator in the sector from the point of view of consumption, with a percentage very similar to the now revealed.
Glovo, on the other hand, shows a growth of 4 percentage points, so it is likely to see in these months a resurgence of competition from both, since Glovo also opens its distribution to all kinds of products.
Just Eat operates directly under its own brand in 21 countries around the world, and has over 2.5 million active users. At the beginning of July 2021, the company celebrated exceeding 20,000 restaurants registered on its platform, ensuring that it covers 95% of the national territory.