Good neighbours

Power

Despite the delays and uncertainty over a joint Iberian electricity market (Mibel), Spanish and Portuguese energy market participants seem confident that it will take shape. Spanish energy companies are making moves to strengthen their foothold in Portugal, and Portuguese firms are doing likewise in Spain.

The current target date for the joint market to open is March 2005, but many see this as optimistic, given outstanding regulatory issues. What’s more, some have raised concerns that the