An overview of the Portuguese electricity market

The electricity market in Portugal was recently opened up to all consumers. However, it remains highly concentrated in terms of control of production and supply and long-term power purchase arrangements still coexist with free market operation. This paper discusses the electricity market restructuring process in Portugal, presenting the market main characteristics in 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.

[1]  A C Grayling.  The power to choose. , 2005, New scientist.

[2]  Tooraj Jamasb,et al.  Between the state and market: Electricity sector reform in developing countries , 2006 .

[3]  J. Percebois,et al.  Electricity consumers under the state and the private sector: comparing the price performance of the French and UK electricity industries 1990-2000 , 2001 .

[4]  H. Auer,et al.  The prerequisites for effective competition in restructured wholesale electricity markets , 2006 .

[5]  Dominique Finon,et al.  Competition in European Electricity Markets: A Cross-Country Comparison , 2003 .

[6]  W. Taylor,et al.  Competition in Electricity Markets , 1996, IEEE Power Engineering Review.

[7]  J. Glachant.  The Making of Competitive Electricity Markets in Europe: No Single Way and No ‘Single Market' , 2003 .

[8]  C. Kemfert,et al.  A game theoretic model of the Northwestern European electricity market--market power and the environment , 2006 .

[9]  Jackie Green,et al.  The power to choose , 2004, Promotion & education.

[10]  Maria Isabel R.T. Soares.  The Iberian Electricity Market: Towards a Common Market? , 2003 .

[11]  Richard Green,et al.  Electricity liberalisation in Europe—how competitive will it be? , 2006 .

[12]  M. Pollitt,et al.  Electricity Market Reform in the European Union: Review of Progress toward Liberalization &Integration* , 2005 .

[13]  Richard Green,et al.  Electricity deregulation in OECD (Organization for Economic Cooperation and Development) countries , 2006 .

[14]  Steve Thomas.  Electricity industry reforms in smaller European countries and the Nordic experience , 2006 .

[15]  Derek W. Bunn,et al.  A model-based analysis of strategic consolidation in the German electricity industry , 2001 .

[16]  David M Newbery,et al.  Problems of liberalising the electricity industry , 2002 .