The extraordinary measures implemented to mitigate the impact of the historic prices on energy markets have been extended
On 28th March 2022, Directive no. 5/2022 from the Portuguese Regulatory Authority for the Energy Services (“ERSE“) was published, being established the extension of the applicability of the extraordinary measures implemented to mitigate the impact of the continued historic price peaks practiced in the Iberian wholesale electricity and gas market.
Within the abovementioned Directive, the preventive supplementary supply measure was specifically extended until 30th June 2022, allowing final clients to be supplied by last resort suppliers in the event of impossibility of supply by the original suppliers.
In a statement issued by ERSE, it is also stated that the measure that foresees the possibility of vulnerable suppliers acquiring energy in extraordinary auctions of renewable energy – and therefore, with a greater level of price stability – will also be maintained without a defined deadline and subject to certain amendments.
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