EU demands Spain phase out regulated electricity tariff PVPC (xataka.com)

• EU insists on a phased exit plan for Spain's PVPC regulated tariff.
• Spanish government refuses to scrap PVPC, citing market conditions and social protection.
• Social bonus eligibility is tied to PVPC, but EU accepts it as valid vulnerability measure.

"The European Commission has told Spain to prepare a clear roadmap for ending its regulated electricity tariff (PVPC), which currently covers 29% of households. Brussels argues the tariff distorts competition and discourages energy efficiency. Spain resists, claiming the PVPC is indexed to the wholesale market and essential for consumer protection, especially via the social bonus. The EU also wants stricter financial oversight of retailers to prevent bankruptcies seen in the 2021-2022 energy crisis."