Ribera admits that the price of gas will remain high due to the heat wave but "lower" than in France or Italy

MADRID, 14 Jun. (EUROPA PRESS) -

The third vice president and minister for the Ecological Transition and the Demographic Challenge, Teresa Ribera, has admitted that the price of gas will "probably" continue to be high due to the heat wave that is hitting southern Europe or Gazprom's announcement of reducing supplying 40 percent of gas from the Nord Stream.

This was explained by the minister when asked about the high price of gas that has been registered this Tuesday despite having applied the mechanism of the Iberian exception. "You don't have to compare today with yesterday. You have to compare today with what it would have been today without the gas cap. And it would have been 73 euros more expensive than what we paid," Ribera clarified in an interview on TVE, collected by Europe Press.

As he has predicted, the price of gas will continue to rise in the coming days due to the heat wave, "the tension" due to Gazprom's announcement, the accident that has occurred in one of the main plants in the US or even due to the " expectation that more will be needed," he quoted.

In this sense, he has indicated that "we must give room to see how things evolve" while he has compared the price of the wholesale gas market in Spain and other neighboring countries.

"Obviously we would have liked the lower price, but the price in Spain is significantly below France or Italy," he compared.

"We have to give time to time, wait for it to settle. But even in extreme circumstances like the ones we are experiencing, we are going to pay less today than we would have paid in the absence of this measure," he added.