08/07/21
07/08/21
The electricity-intensive industry demands a competitive energy price
SOURCE: EL PERIÓDICO DE LA ENERGÍA.COM
The electricity-intensive industry has claimed a competitive energy price that does not drag down its competitiveness in foreign markets and favors decarbonization, with the aim of the industry to reach 20% of the Gross Domestic Product (GDP)

The president of the electricity-intensive industry association (AEGE) , José Antonio Jainaga , has argued that the electricity price is hindering  industry decarbonization by narrowing reducing the available cash flows for investments.

“Our model for setting electricity (prices) is obsolete. We are making progress in the renewable energy, but current electricity prices are at the highest level in history”, he assured in a forum organized by AEGE,  before recalling that the industry needs “a competitive energy price to boost the ecological transition”.

“From AEGE we demand a smooth and fair transition, in which electricity price is prevented from having an impact on our future. We need a strong industry and it will only be possible if we take advantage of decarbonization opportunities and the Recovery, Transformation and Resilience Plan”, he stated.