GS Utilities Daily: Spanish government reportedly considering price caps // Germany unveils roadmap to 2045 climate neutrality

GS Utilities Daily summarises the latest European utilities and energy news. The Spanish government is reportedly considering new measures to curb the impact of rising gas and electricity prices this winter, including the possibility of reviving the "Iberian exception" from the previous energy crisis (a €50/MWh price cap accompanied by state aid requiring European Commission authorization); alternative measures under evaluation include lowering electricity VAT and leveraging CO2 emission revenues to subsidize grid network tolls. Germany has approved a roadmap to phase out coal, oil and gas by 2045 with a focus on electrification across transport, heating and industry, including increasing the share of renewable electricity from 55% to 80% by 2030, adding 12 GW of onshore wind and targeting 215 GW of solar capacity by 2030;