The European Commission's Executive Vice-President for a Europe fit for the Digital Age and Commissioner for Competition, Ms. Margrethe Vestager, warned this Thursday at the Forum Europa in Brussels that the EU needs more electricity interconnections to avoid losing the excess electricity production that is sometimes generated in Spain thanks to renewable plants.
At this event organised by the New Economy Forum in the EU capital, Vestager stressed the importance of the European Union developing single electricity and telecommunications markets.
In this respect, the Vice-President recalled that on occasions "prices in Spain are negative due to all the renewable capacity that cannot leave", something that would not happen if "we had a single market".