Reorganisation Of The Energy Market

Profession:Macedo Vitorino e Associados
 
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Summary

The Portuguese Government has approved Resolution 63/2003 setting out the goals and relevant measures for the reorganisation of the Portuguese energy sector.

On 28 April 2003, the Portuguese Government adopted Resolution 63/2003, setting out the objectives of the reorganisation of the energy sector and the measures to be adopted:

(a) reduction of the dependence from primary energy sources located outside Portugal, mainly through the enhancement of hydroelectric plants and the incentive to the use of renewable energy sources;

(b) diversification of the energy sources located outside Portugal, in particular primary energy sources such as gas, hydric and Aeolian, by establishing the construction of a natural liquid gas reception terminal at Sines, and reinforcing the electrical interconnection between Portugal and Spain and Spain and France;

(c) maintenance of the legal fuel reserves and increase of the efficiency in their management, for which purpose the Government shall incorporate a new State controlled company, Empresa de Gest„o de Reservas EstratÈgicas (EGREP);

(d) encouragement of sustainable development by adopting measures aiming at (i) the compliance with the Kyoto Protocol; (ii) the adoption and full integration within the European system of polluting emissions; and (iii) the promotion of a more rational energy consumption;

(e) increase of the Portuguese energy market competitiveness through its liberalisation, the reduction of energy tariffs, the improvement of the quality service and the creation of the Iberian electricity market (MIBEL) until 2006, integrated...

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