Spain and Portugal have received EU approval to use a combined $9 billion of government funds to help lower input costs of fossil fuel-fired power stations and thus, energy bills. Spain and Portugal have already set a cap on the price of gas used for generating electricity after the EU allowed them to do so, acknowledging their exceptional energy requirements. The two countries are one of the least dependent on Russian gas among all EU members. Both countries, however, are looking to help consumers and industries with skyrocketing power…
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