Morocco benefits from the electrical connection with Spain, and also benefits from the mechanism established by the Moncloa Palace last June to reduce the price of electricity, which led to a reduction in the cost of megawatts for the Spaniards, and therefore, for other importing countries, including Morocco, which has an electrical connection with Spain.
The International Energy Agency said in a recent report that this “Iberian exception”, that is, a reduction in the price of electricity, will lead to an increase in gas consumption.
It should be noted that Morocco also exports electricity to Spain, however, since Algeria closed the gas pipeline between the Maghreb and Europe (GME) that crosses Morocco in October 2021, the Kingdom’s exports decreased, and the need to import electricity increased.
And last June, the Kingdom reached an agreement with Spain to transfer gas through GME in the opposite direction, to restart the two gas thermal plants in Ain Beni Mathar and Tahadart.
