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01Dec 2024
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Current Participants in the Electricity Market

About Electricity Market

Market reforms to the electricity sector were first introduced by Royal Decree 78/2004 that took effect in 2005 (the Sector Law). 

Since 2005, competition has largely been achieved by each of the Independent Power Producers (IPPs) competing to secure 15-year Power Purchase Agreements (PPAs) with PWP. These reforms have been extremely successful and are credited with allowing the sector to keep pace with the rapid and significant growth in demand for electricity.

In 2015, further reforms were announced by the Authority for Public Service Regulation (APSR) to increase competition and improve price efficiencies. These reforms included plans to establish a new day-ahead market for wholesale electricity. The aims of the Spot Market initiative include improving the efficiency and transparency of the operation of the electricity sector, providing opportunities for diverse generation sources that do not compete in PWP’s normal P(W)PA tender process, and providing an option for the continued participation of existing generation plants whose P(W)PAs have expired.

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Glossary of Terms

glossary

The list below provides the meaning for terms, subscripts and variables used in this website in order to enhance your knowledge of electricity industry terms

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Market notices data

Exclusion Notices
Exclusion Notices
Termination Notices
Termination Notices
Rectification Notices
Rectification Notices
Withdrawal Consent Notices
Withdrawal Consent Notices
Suspension Notices
Suspension Notices
Withdrawal Notices
Withdrawal Notices

Market Reports

icon Annual Market Report

Annual Market Report outlines the implementation of the Market Rules and the operation of the Pool in each year.

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icon Market Review

Details about the periodic reviews carried by Market Operators.

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icon Pool Timetable

The required timings for Pool processes in respect of a Trading Day.

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icon Modification Proposal

A proposal that a Modification should be made to Market Rules documents.

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