Iberdrola and Graftech Ibérica reach an agreement in principle to set a fixed electricity price

Iberdrola and Graftech Ibérica reach an agreement in principle to set a fixed electricity price

Iberdrola has reached an agreement in principle with Graftech Ibérica, a company based in Ororbia (Navarra), to establish a fixed electricity price for the next two years. The energy company would undertake not to vary the fixed electricity prices agreed to “not affect the competitiveness of the company with increases in the price of natural gas,” as long as there are no primary energy auctions.

“So far this year, the fact of maintaining the prices agreed with the industry, despite the increase in the price of electricity, has saved the Spanish industry 2,000 million euros“Iberdrola highlighted in a statement.

With this principle of agreement, Iberian Graftech, based in Ororbia (Navarra), would avoid variations in the electricity price in the SPOT market until the end of 2023.

The company has highlighted that, “to the extent of its possibilities, it is making an effort not to transfer the situation of international markets to its electro-intensive customers.” «This effort is conditional on the fact that auctions of primary emissions do not take place, with which the Iberdrola an important volume of energy ”, has pointed out

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