The ‘Iberian Exception’ is a mechanism that sets a maximum price to be paid for gas to lower and contain electricity prices as much as possible, thereby reducing the price of consumers' electricity bills.
As a mechanism that directly affects the market price of electricity, it only truly affects consumers on a variable or indexed tariff (such as our Transparent Tariff or the PVPC tariff).
The measure owes its name to the fact that it only affects Spain and Portugal. This is because they are considered "energy islands," meaning countries that produce a lot of electricity but import all their gas.
However, in exchange for applying this mechanism, producers who use gas to generate electricity will receive financial compensation that will cover part of the profits they will no longer receive. Although it only benefits consumers on an indexed or regular tariff, all consumers must contribute to this compensation through their bill.
You can read more about how the gas cap affects your electricity bill here: https://www.chippio.es/blog/por-que-me-cobran-el-tope-del-gas-en-la-factura-de-luz