BBCNEWS World Business Report June 4, 2024 04:37:00
Businesses avoid the impact of volatile gas prices. it comes as the european commission is looking to increase the eu's renewable energy target for 2030 as part of plans due next week. joining me now is henry edwardes—evans, associate editorial director, energy transition, s&p global commodity insights. henry, why are spain and portugal being given this exemption? it is rare, it is almost unheard of, for the market, quite worrying. it's because the gas price has risen so steeply, and the marginal unit in the setting of the power price, is often the gas unit, so that pulls up the power price ...