Spain Blocks Key Measures on Electricity System After Blackout
Pedestrians use torches to walk along an unlit street during a power outage in Molins de Rei, Spain, on April 28.
Photographer: Angel Garcia/BloombergSpain’s Parliament blocked a set of key rules approved by the government following the nationwide blackout in April.
The rules gave the country’s competition authority, CNMC, more powers to supervise private operators’ management of electricity voltage. They also included resilience measures, with a budget of €750 million ($881 million) and an estimated annual savings of €200 million once implemented.