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Spain's Renewables Drive Down Electricity Costs Amid EU Debate

3/21/2026

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Summary

Story summary

Spain's Prime Minister Pedro Sánchez said at the EU leaders summit in Brussels that renewables have shielded citizens from rising gas prices.
He noted renewables now generate about 60% of Spain's electricity.
He said electricity costs are significantly lower in Spain than in France and Germany.
Italian Prime Minister Giorgia Meloni proposed suspending the EU carbon pricing system, but experts say it would have minimal impact on power bills.

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Story summary

Spain's Prime Minister Pedro Sánchez said at the EU leaders summit in Brussels that renewables have shielded citizens from rising gas prices.
He noted renewables now generate about 60% of Spain's electricity.
He said electricity costs are significantly lower in Spain than in France and Germany.
Italian Prime Minister Giorgia Meloni proposed suspending the EU carbon pricing system, but experts say it would have minimal impact on power bills.