The third vice president of the Government and minister for Ecological Transition and the Demographic Challenge, Sara Aagesen, has stated that “at this moment there is no forecast to eliminate” the regulated electricity tariff, known as the Voluntary Price for Small Consumers (PVPC), in the Spanish electricity market.
In a meeting with the media, Aagesen responded thus to the request from the European Commission, which has asked Member States that still maintain regulated electricity tariffs, including Spain, to design roadmaps with specific deadlines to move towards retail prices fully based on the market.
The head of Ecological Transition stressed that, in the Government's opinion, “the current market conditions are not adequate to say that the PVPC can disappear,” for which reason she defended maintaining this system both for vulnerable consumers and for “each and every one of those consumers who wish to opt for that regulated tariff.”
Likewise, he remarked that, unlike what happens in other community countries, the PVPC functions as a tariff indexed to the wholesale electricity market.
“Which means it is not a fixed price, it is a price that is set by the market situation every day, every hour and, as the European Commission requested us at the time, what we have also done is to link it to futures markets,” he added, reiterating the commitment that the National Commission for Markets and Competition (CNMC) carry out an analysis that provides the necessary information to determine whether, at some point, the PVPC could be dispensed with or not.