The South-West electricity REM is led by the Spanish Energy Regulator (CNE) and aims to integrate the electricity markets of France and the Iberian peninsula (MIBEL) into a single regional electricity market.
Annual electricity consumption in the South-West REM is about 800 TWh of electricity consumption, around 26% of the EU 27 electricity market.
In South-West Europe a regional integration process has been taking place since July 1998: the establishment of the Iberian Electricity Market (MIBEL), integrating the Spanish and Portuguese markets, was established in July 2007.
Over the last few years, an important regulatory convergence has been achieved and the Portugal-Spain interconnection capacity has been doubled. As parallel processes and sharing the same aims, MIBEL and the ERGEG RI are being coordinated to take advantage of the relevant synergies.
The first Action Plan was adopted in 2007.The second action plan for the SW region covers the period 2010-2012. This action plan is pushing further the main priorities defined in the 2007-2009 plan.
PRIORITIES IN THE REGION
Region-wide 10 year investment plan Analysis and review of new interconnections status in the two borders of the region
Analysis of convergence in transparency and information management
Promotion of a long term auction platform Implementation of Price Coupling model for the day-ahead congestion management Improved intraday model in regional interconnections Cross Border balancing model among TSOs
Regional Report on Interconnections Use and Management