Exceptional mechanism for limiting the wholesale price of electricity

Decree-Law no. 33/2022, of 14 May (“DL 33/2022”), which establishes the exceptional and temporary mechanism for adjusting the costs of electricity production within the scope of the Iberian Electricity Market (“MIBEL”) was recently published.

The diploma was published simultaneously with the publication, in Spain, of Real Decreto-Ley 10/2022, of 13 de May, with a similar scope and content, expressing a unique response to an Iberian common problem: the high and rising prices of electricity.