AGP Executive Report
Last update: 7 hours agoNuclear Policy U-Turn: Spain has extended the operating life of its Almaraz nuclear plant to June 8, 2030, reversing a planned 2027/2028 shutdown schedule and citing the need to shield consumers from volatile global energy price shocks. Grid Stress & Heat: With Europe’s heat spiking air-conditioning demand and solar output dipping at peak hours, Spain’s system also faced a stress test from the Aug. 12 solar eclipse, when photovoltaic generation fell rapidly but supply stayed stable. Diesel Relief for Drivers: Spain’s government says diesel discounts will rise from September after July price pressure, using an anti-crisis safeguard; petrol support stays on the original plan. Inflation Pressure in Spain: New INE data shows prices up again in Murcia as transport costs jump 7.7% year-on-year, adding to broader energy-driven inflation concerns. Gas Security Watch: EU gas storage is reported at record-low levels for the time of year, with LNG cargoes reportedly heading to Asia instead of filling European tanks.
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