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Division 2 GEOGRAPHICAL MARKETS IN ELECTRICITY

United Kingdom

Original text. Later amendments are not shown.

  1. (23)Division (23)
  2. (24)The parties argued that an Iberian trading market called MIBEL would be established very soon and would thus lead to an Iberian market. This view has not been confirmed by the in-depth investigation carried out by the Commission. It appears that (1) the current level of interconnections between Spain and Portugal is not sufficient to consider the existence of a single market in the Iberian peninsula and (2) it is highly unlikely that the electricity wholesale market will become Iberian in scope in the near future for the following reasons: