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 Gestão de Reservas Estratégicas (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...

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