20 October 2018
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  • MIBEL - Iberian Electricity Market 


    The information about the Iberian Electricity Market (MIBEL) is organised in four perspectives:

    Construction and development

    Since 1998, the Portuguese and Spanish Administrations began to share a common path in building the Iberian Electricity Market (MIBEL). This cooperation has been very successful, not only for its contribution to the existence of an electricity market on an Iberian level, but also on a European scale, as a significant step in building the Internal Energy Market.

    Institutional

    The MIBEL Regulator's Council is composed with representatives from Portugal: Energy Services Regulatory Authority (ERSE) and the Securities Market Commission (CMVM) and representatives from Spain: National Commission on Markets and Competition (CNMC) and National Securities Market Commission (CNMV).

    The MIBEL Regulator’s Council operates with a Committee of Chairmen and a Technical Committee. The Committee of Chairmen is composed by the Chairmen from each one of participating authorities above-mentioned, and are responsible for designating their representatives on the Technical Committee.

    Regulatory harmonisation

    In order to implement the Iberian Electricity Market and in line with the Santiago Agreement, and the decisions of the Portuguese-Spanish Badajoz Iberian Summit, the Governments of Portugal and Spain decided to agree on a Plan for Regulatory Harmonisation.

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