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Iberian power market may be delayed

31 July 2002 – The scheduled launch of a single Iberian power market at the start of 2003 could be in doubt, Portuguese Economy Minister Carlos Tavares said on Tuesday.

Portugal still had several issues to discuss with the Spanish government over the single electricity market, Tavares told reporters after testifying before the parliament’s finance committee.

The plan is to integrate the power markets of Spain and Portugal under the existing Spanish power pool to create a single Iberian power market, theoretically by January next year.

Physical interconnections between Spain and Portugal already exist along the border, but the whole Iberian market is almost totally isolated from the wider European market.