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Read more at: RESEARCH HIGHLIGHT - Iberian exception: What was the cost of distorting electricity markets during the 2021–23 European energy crisis?

RESEARCH HIGHLIGHT - Iberian exception: What was the cost of distorting electricity markets during the 2021–23 European energy crisis?

European wholesale power prices increased to an unprecedented level in 2022. To tackle the adverse impact, Spain and Portugal implemented the 'Iberian Exception' to decouple power prices from the rest of Europe to reduce energy costs, via capping the price of gas for power plants.



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The Energy IRC brings together Cambridge’s research knowledge and expertise, in collaboration with global partners, to create solutions for a sustainable and resilient energy landscape for generations to come.

 


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