cap

25/03/2022. Prime Minister Pedro Sanchez, offered a joint press conference with the Prime Minister of Portugal, Antonio Costa, at the end of the European Council. Photo: La Moncloa.

Economy & Business

ENERGY CRISIS

Spain and Portugal want to cap the price of gas at 30 euros per MWh

The Nomad Today 4/1/22

Limiting the price of gas would have an immediate reducing effect on electricity prices, since both are linked in the European energy market

28/03/2022. Prime Minister Pedro Sánchez greets the first and second vice-presidents of the Government, Nadia Calviño and Yolanda Díaz, upon their arrival at the third 'Generation of Opportunities' meeting held in Madrid. Photo: La Moncloa.

Property

PROPERTY

Spanish government limits rent increases to 2% for 3 months

The Nomad Today 3/29/22

In February, the average increase in rents in Spain was 53 euros more per month as a result of the 7.6% rise in the Consumer Price Index

18/03/2022. Spanish Prime Minister Pedro Sánchez, during his meeting with the Prime Minister of Italy, Mario Draghi, the Prime Minister of Portugal, António Costa, and the Prime Minister of Greece, Kyriakos Mitsotakis. Photo: La Moncloa.

Economy & Business

ENERGY CRISIS

Spain backtracks limiting price of electricity to 180 euros per MWh

The Nomad Today 3/22/22

Prime Minister Pedro Sanchez has been on a tour of several European capitals to try to gather support for his bid to decouple the price of electricity from that of gas

16/03/2022. The third vice president and minister for the Ecological Transition and the Demographic Challenge, Teresa Ribera, at the lower house of Parliament (Congress of Deputies). Photo: Eva Ercolanese/PSOE.

Economy & Business

ENERGY CRISIS

Spain aims to cap the price of electricity in the EU at € 180/MWh

The Nomad Today 3/17/22

The maximum price of 180 euros/MWh existed in the Spanish and Portuguese regulation until 2019, when an EU directive banned the limits to the offers of electricity companies in the wholesale market

06 September 2021, France, Lyon: French Prime Minister Jean Castex delivers a speech during the opening of the Global Industry trade show. Photo: Laurent Coust/SOPA Images via ZUMA Press Wire/dpa

World

ENERGY

France caps gas and electricity costs over winter as prices soar

The Nomad Today/dpa 10/1/21

The government also announced a one-time payment of 100 euros in what was described as an energy cheque for the 6 million low-income households nationwide

Police-officers-in-Helsinki-centrum-by-@HelsinkiPoliisi

Finland

SECURITY

Police warn of worsening security if government enforces budget cap

The Nomad Today 8/17/21

Police chiefs ask in a statement for a debate on how valuable - or cheap - security is in Finland

15 April 2021, Berlin: Police officers clash with demonstrators during a demonstration of the alliance "Together against displacement and #Mietenwahnsinn" against the ruling of the Federal Court of Justice on the rent cap in Berlin. Photo: Christoph Soeder/dpa

World

HOUSING

German Constitutional Court scraps controversial Berlin rent cap

The Nomad Today 4/15/21

Rents that had been reduced can now go back up and many thousands of tenants may also be required to backpay their rent from the months since the legislation came into force.