The Spanish government has launched an inquiry after it emerged that a power company drained two reservoirs during a heatwave and drought in order to profit from exceptionally high electricity prices.
Iberdrola, the country’s second biggest producer, drained the dams in Zamora and Cáceres provinces in western Spain over a period of a few weeks to produce cheap hydroelectricity while the price to consumers is at a record high.Air conditioners and fans are going flat out as Spain remains in the grip of a heatwave. It recorded its highest ever temperature on Saturday, 47.2C (117F), in Córdoba in Andalucía.
The minister for ecological transition, Teresa Ribera, described Iberdrola’s actions as scandalous and has written to the company.
“This can’t be allowed to happen,” she said in a televised interview. “Water is a scarce resource which is just as important for the wellbeing of families and the economy as it is for generating electricity.” - link - more like this (Spain) - link - Stephen Burgen - link
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