Electricity restructuring in Iberian Peninsula

Spain and Portugal, based on their geographical location in the Iberian Peninsula, have limited interconnections with their European neighbors in terms of energy exchanges. This paper draws a brief overview of the present status of the Iberian Peninsula´s electricity market. The topics that are presented in this paper include, who are the players in the Iberian electricity market? What are their positions? How is the market affected by the economic situations in Europe and South America? What is the expected energy mix for the coming years? Also, the paper focuses on the possible merger between the Portuguese and the Spanish markets. The creation of that common market in this case may be difficult to settle but it will reinforce the position of the two countries for electricity trading in Europe.