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The first auction of financial rights of interconnection capacity between Portugal and Spain was held successfully on 19 December 2013 
 
 

Following the recent Regulatory change and the publication by ERSE of the “Procedures Manual of the Joint Management Mechanism for the Portugal – Spain Interconnection”, the first auction of financial rights of interconnection capacity between Portugal and Spain (designated FTR - Financial Transmission Rights) was held on 19 December.

The adopted methodology follows a harmonization work carried out by the MIBEL Board of Regulators and is in line with the European target model, there being a commitment by the MIBEL Board of Regulators to the Agency for Cooperation of Energy Regulators (ACER) that this harmonized solution for the Iberian Peninsula constitutes a pilot project for the use of such instruments at European level.

You may find the auction results here.