.jpg)
3 hours ago
1
Article content
(Bloomberg) — Portugal will continue to ease limits on the electricity interconnection capacity for imports from Spain after trading between the two countries was halted last month due to a blackout.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
The cap on import capacity from Spain will increase to 1,500 megawatts between 9 a.m. and 8 p.m. on May 19-26, according to the website of Portuguese energy grid operator REN-Redes Energeticas Nacionais SA. There will no longer be restrictions at other times. Portugal has also been exporting electricity to Spain.
Article content
Article content
Following the blackout, REN had announced import limits of 1,000 megawatts between 9 a.m. and 7 p.m. and 2,200 megawatts at other times for the May 12-19 period, as part of an ongoing “stabilization process.”
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The April 28 blackout left Portugal and Spain without electricity for hours, hitting public transport, telecommunications systems and other services. Portuguese Energy and Environment Minister Maria da Graca Carvalho said on May 2 that as a precaution Portugal was at that time not trading electricity with Spain and was being supplied entirely with power produced within the country.
Article content
EDP SA, a Portuguese utility that also operates power plants in Spain, has said that it doesn’t expect a material impact despite some higher-than-normal market splitting in the Iberian Peninsula during about two days after the blackout. Electricity prices were higher in Portugal than in Spain.
Article content
There’s a need for more electricity interconnection between the Iberian Peninsula and the rest of Europe, EDP Chief Executive Officer Miguel Stilwell d’Andrade said in a Bloomberg Television interview on May 12. “We also need more investment in the networks, and we’ve been pushing for that,” he added.
Article content
Advertisement 1
English (US)