Spain has EU green light for gas price proposal - spokesperson

The governments of Spain and Portugal have received the green light from the European Commission for their joint proposal to introduce a temporary cap on reference prices of gas and coal used by power plants, a spokesperson for Spain's representation to the European Union said on Monday.

Spain will present a legal instrument to implement the proposal and set out the details of how it would work as soon as possible, potentially as early as Tuesday, the spokesperson said.

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