Spain and Portugal break EU ranks to slash energy bills by 40% – as UK faces crisis

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SPAIN and Portugal's move to temporarily leave the EU energy market is poised to slash their energy bills by 30-40 percent, Express.co.uk has been told.

and Portugal, despite having large amounts of renewable energy capacity, were paying high electricity prices as the EU energy market is heavily influenced by fossil fuels.Currently, the Russian invasion of Ukraine is driving the price of fossil fuels to record levels.

 

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