Client: Ministry of Energy and Ecologic Transition (Madrid) Date: June 2022 Task: After the “Iberian Exception” (IE) to cap soaring gas prices was approved, the ministry wants a short briefing report to inform the Spanish consumers about it. Deliverable: A 1,000-word document with 3 sections: a) How does the IE lower electricity prices in Spain? (incl. diagrams), b) Why, the same day the IE entered into force, were the electricity prices still very high? (incl. diagrams), c) Why don’t we cap electricity prices directly?
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