The Gas Industrial Association, along with nine other industry groups from various sectors, have asked Spain’s National Commission for Markets and Competition (CNMC) to set caps on toll prices for natural gas next year, in order to help solve the problem presented by high prices of this fuel and its effect on competitiveness.
Industrial use accounts for 62% of total national gas consumption, with prices rising each year, according to Gas Industrial’s data. Competitiveness has worsened in the last eight years, according to this data, reaching levels up to 25% below its counterparts in Europe on average. Spanish industrialists pay double the French, triple the British, and up to six times more than the Germans in some cases, Gas Industrial indicated.
The CNMC regained the power to regulate, fix, and control the prices and rates of the energy market in Spain last January, following years of conflict with other branches of government.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Plaintiffs Seek Communications In Antitrust Case Against Pioneer
May 9, 2024 by
CPI
UK Government Approves Vodafone-Hutchison Merger
May 9, 2024 by
CPI
Senate Majority Leader Announces Plan for AI Regulation Framework
May 9, 2024 by
CPI
BBVA Initiates Aggressive Takeover Bid for Sabadell
May 9, 2024 by
CPI
TikTok to Label AI-Generated Content Amid Election Interference Concerns
May 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI