Spain and Portugal closed last year proclaiming themselves of the energy transition, since 82% of its electricity It came from clean sources. Within this energy harmony in which both countries were walking together, it seems that it has vanished after the blackout of April 28.
Short. Still without An official explanation Clara of the causes of the mass blackout, both Spain and Portugal They have established a joint committee to investigate what happened. Meanwhile, Portugal has chosen to suspend electricity imports from Spain as a preventive measure, According to Financial Times.
A fragmented energy island. The Iberian Peninsula is considered an “energy island” for its limited connections with Europe. For this reason, both countries have been forced to each other to balance their electrical systems. However, the blackout has evidenced the fragilities of this interdependence and has led Portugal to question the level of energy dependence it maintains with Spain.
Immediate repercussions. Before the blackout, Portugal imported up to 35% of its electricity from Spain. This flow not only covered the Luso Energy Deficit, but also allowed the neighboring country to store the Spanish surplus in its hydroelectric plants, acting as water batteries, such as has detailed The Financial Times. However, the abrupt cut of that supply has left the country exposed to a much more expensive electric market.
In data. According to OMIEwholesale electricity prices in Spain fell up to € 10.24/MWh, while in Portugal they shot € 47.92/MWh. This price difference has put in trouble to Portuguese companies and consumers, especially those without long -term contracts that protect them from sudden rise in rates.
There is a shy openness. On Thursday after the blackout, imports began to reopen again, but limited capacity has maintained high prices in Portugal. According to the RENthe Portuguese electricity operator has indicated that the import capacity will be limited to 1,000 megawatts per day until May 12, a figure that represents less than a fifth of the usual import volume.
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Future implications. As He has collected The Financial Times, the Minister of Energy of Portugal, Maria Da Graça Carvalho, has pointed out a gradual restoration of imports from Spain. However, Armindo Monteiro, director of CIP, the main business group in Portugal, has warned that the country “does not live or should live in electrical isolation”, and has underlined the need to review the safety and dependence conditions in an uncertain energy context.
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Portugal has wanted to shield energy from Spain: the light bill has been the first to pay the price
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