No more

THE European Commission has informed Spain and Portugal that the extension of the ‘Iberian exception’ cannot go beyond December 2023.

It was brought into force as a temporary measure to help both nations with their energy costs. The expiry date agreed upon was the end of this year and needs permission from Brussels to be extended further.

This information was reiterated during a meeting on Wednesday, January 18. According to media sources, the deadline of December 2023 was only a ‘suggestion’.

Wednesday’s meeting was the first contact at the political level to address an agreement. This must now be worked out among the technical teams of Madrid and Lisbon.