An overview of the Portuguese electricity market

• Author(s): Ferreira, Paula Varandas ; Araújo, Maria Madalena Teixeira de ; O’Kelly, M. E. J.
• Date: 2007
• Persistent ID: http://hdl.handle.net/1822/5492
• Origin: RepositóriUM - Universidade do Minho
• Subject(s): Electricity; Liberalisation; Portugal
• Document Type: Article
• Language: English

Description

The electricity market in Portugal was recently opened to all consumers. However, it remains highly concentrated in terms of control of production and supply and the long-term power purchase arrangements still coexist with free market. This paper discusses the electricity market restructuring process in Portugal, presenting its main marks over the past years and the present situation. The evolution of the electricity prices in Portugal is analysed, and a comparison with EU-15 is presented. Special attention is given to Spain due to the possibility of cross-border competition in the future arising from the formation of the Iberian electricity market.