Joining forces

After several false starts the Iberian electricity market, Mibel, finally launched last year, linking the power markets of Spain and Portugal. Andrew Holt looks at what changes it has brought about

Liberalisation in Spain and Portugal has been torturously slow, but the launch last year of the Iberian Electricity Market (Mibel) has renewed hopes among European power traders for an increase in liquidity in the region and a move to greater integration with the rest of Europe.

Iberia has one of the highest forecast growth rates of electricity in Europe and the potential for growth in trading in Mibel is considerable. This is leading to increased interest in the region. However, frustration

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