news, in cheshire. as the energy debate rages in the uk, governments in spain and portugal are taking action to keep a lid on prices. today they will impose a maximum price of a0 euros per megawatt hour on natural gas used to generate electricity in force for the next 12 months. that s less than half the current market rate for gas. spain s energy and environment minister has said consumers will pick up the final bill, without giving details of how. spain has already hit energy firms with a windfall tax, allowing it to remove taxes on domestic energy bills. james huckstepp is from s&p global commodity insights where he analyses the gas market in europe. james, in your view is it over the uk to be the same thing? good morning, victoria, thank you for having me. in my view,
agricultural sector, that s what a lot of the tariffs sought to do, protect american agricultural interest. i think they may do it, if they evaluate the risk of inflation has higher than, say, what they lose from not protecting the agricultural complex, but i don t think it s going to be an easy decision for them to make, there will be a lot of balance in the administration mind to do so. ., ~ in the administration mind to do so. . ~ ,, in the administration mind to do so. . ~ i. in the administration mind to doso. . ~ . ., do so. thank you so much for takin: do so. thank you so much for taking us do so. thank you so much for taking us through do so. thank you so much for taking us through all - do so. thank you so much for taking us through all of - do so. thank you so much for taking us through all of that l taking us through all of that information. information. thank you for havinu information. thank you for having me- it s being called the iberian exception: spain and portu
of the ukraine war on the spanish economy. that package includes 10 billion euros worth of loans to companies and another 6 billion euros in tax cuts and other direct paid for households. among the measures included is a discount for ordinary spaniards when they fill up their car with fuel. that discount will be worth 20 cents, 20 euros cents for every litre of fuel that they put into their car. also, the government wants to break the link between natural gas prices and the prices of other energy sources said the government is taking a plan to the european commission which it hopes will be approved in the coming days which will allow it to break that close relationship between gas prices and other energy prices and therefore give the government more control over energy costs for consumers. also it is putting a cap on rental prices for the coming
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