"Gas supplies from Algeria are guaranteed - although we do have a geopolitical conflict," Sanchez said. "It would be more guaranteed if we had a strategic European reserve."
Ribera told lawmakers she hoped to come up with "additional measures" in the coming weeks, adding on Twitter that these would give "reasonable prices to industry and more protection to vulnerable consumers". Iberdrola shares traded up more than 2%, having previously shed 7.5% of their market value since mid-September. Enel unit Endesa
"It is a positive message to give regulatory security and speed up the energy transition, but my question is whether the approved regulation could bring about precisely the opposite," said Fernando Garcia, director of European utilities equity research at RBC Capital Markets.
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