By Andrea Hargraves 
In an interview with Antena 1 and Jornal de Negócios, Endesa President, Nuno Ribeiro da Silva, said that electricity will increase by at least 40% by the end of this summer.
The subject of the dispute is the mechanism applied to Portugal, Spain, and that Discounts on natural gas prices are allowed. The problem is that this difference will be paid by consumers. In the government’s reaction He says that nothing justifies increasing this arrangement.
MAAC [Ministério do Ambiente e da Ação Climática] He rejects these disturbing statements by the President of Endesa and sees no justification in the reported price increase,” he pleaded, in response to Lusa.
Endesa President says:Unpleasant surprise: It should apply to all new contracts and contracts that have completed one year.
It also ensures that this ascent has nothing to do with electricity, but rather with “Iberian brakes” agreed with Brussels. Allow Portugal and Spain to get a discount on natural gas prices, which is used to produce electricity.
SIC called him, and The government rejects these statements and says that there is no justification for such a large price increase and that this Iberian mechanism does not generate a tariff deficit.
SIC knows that There are companies that receive invoices with this premium of nearly double the amount due each month.
The government also says that In the free market there are other suppliers and that “consumers will always be able to look for better prices”, or adhere to the regulated tariff, which “was reduced by 2.6% in the second half of this year.”
The average price on the Iberian Electricity Market (MIBEL) for Sunday, with Adjustment amount, up to €199.08 per megawatt-hour (MWh).
This amount “Compared to €253.16 per MWh if the mechanism is not in place, which translates to a reduction of €54.08 per MWh, which equates to a saving of about 21%.”