Spain Boosts Electricity Network Investment, Launches Anti-Blackout Mechanism
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Insights by Echo AI
The Spanish government has significantly increased its investment in electricity networks to over 17,000 million euros. This includes the launch of a new anti-blackout mechanism, a capacity market, which aims to ensure reliable electricity supply. The measure, approved by the Ministry for the Ecological Transition and Demographic Challenge, follows Brussels' approval and is published in the Official State Gazette (BOE). It establishes a centralized, peninsula-wide capacity market with different types of auctions to cover firm power needs.
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