Spain and Portugal have broken ranks with the EU to allow themselves the space to slash their energy bills by 40 per cent. The move is being allowed because both southern European countries have a large amount of renewable energy and aren't as reliant on fossil fuels as the rest of the Continent.
It means while the rest of the EU, which is much more tied to traditional fuels, has a pay cap of around €90 (£76.56) per megawatt-hour, Spain and Portugal would cap their price at €50 (£42.50). Currently, the Russian invasion of Ukraine is driving the price of fossil fuels to record levels.
Speaking to the Express, Rana Adib, executive director of REN21, a global community of renewable energy stakeholders, highlighted ways in which European countries can end their reliance on fossil fuels, particularly those imported from Russia.
