NRP Portugal

MeasureDescriptionCurrentStatus: inprogress/CompletedLast year’s results Next Steps NotesDrawing-up ofBasic Laws(Electrical Sector;Petroleum Sector;Natural GasSector)Setting up the nationallegal framework - BasicLaws for the electricity,natural gas and petroleumsectors.CompletedLegal framework of the sector:Three Decree-laws were approved (29, 30 and 31, of 15 February 2006), which establish thelegislative framework for the electricity, natural gas and petroleum sectors, defining, for eachsector, a coherent legal framework, aligning the principal strategic energy objectives of RCM no.169/2005 with the Community legislation.MIBEL–Development ofnecessary measuresfor its functioningCreation of IntegratedElectrical Energy Marketin the Iberian Peninsula,through the creation of aRegulatory Council;Termination of PowerPurchase Agreements(PPA); launching andrecognition ofOMIP/OMIClear as anintegral part of the marketmanagement body forfixed-term transactions.In progressThe Santiago Agreement was published by the Portuguese Parliament, creating the conditions forthe formal start of the Iberian Electricity Market.DL 240/2004 of 27 December published, which defined the conditions for the termination ofPower Purchase Agreements (PPA) and the creation of compensatory measures with regard to theposition of each of these contracts, amended by DL 199/2007 of 18 May.Approval of Government Order no. 643/2006 of 26 June, which amends Government Order no.139/2005 of 3 February (electrical energy marketers and external agents), to consider theperformance of the marketer of last resort under the scope of MIBEL and make the recognition ofSpanish producers, marketers and other agents automatic, who will no longer be considered asexternal agents. DGGE Ministerial Order no. 780/2007 of 16 January published, which approvesthe schedule for eligible auctions in 2007. Government Order no. 782/2007 of 19 July published,which recognises the management body for both daily and intra-daily MIBEL markets, under theterms of Art. 56 of D.L. no. 172/2006 of 23/08 and establishes the special rules for energypurchasing within the scope of international agreements signed by marketers of last resort,provided for in Art. 51 of Decree-law no. 264/2007 of 24/07 published by MEI (Ministry ofEconomy and Innovation), altering DL nos. 204/2004 (Art. 14 and 15) and 172/2006 (Art. 55 and70), stipulating a set of measures aimed at the implementation of a new stage in the applicationand furthering of MIBEL. Ministerial Order no. 27332/2007, 04/12, ERSE, approves the jointrules for contracting interlink capacity. Government Order no. 57/2008, 11/01 (MEI), defines therules applicable to the sale of electrical energy under the Virtual Electrical Energy ProductionCapacity Auctions format. Ministerial Order no. 2838/2008, 05/02 (MEI), concerningauthorisation to participate in the Virtual Electrical Energy Production Capacity auctions forsellers who operate within the scope of MIBEL. Between Jun/Sept 2007, the first virtual capacityauctions were held, on the Portuguese side, organised by REN Trading. The 3 rd and 4 th auctionswith REN Trading and EDP Gestão Produção Energia, SA. have already been held in the 1 stquarter of 2008.Measure to be carried through tothe 2008-2010 period.45