Utilities Iberdrola and Endesa have held Spain's first power auction, awarding a total volume of 1.45 terawatt hours (TWh). This auction represents the fruits of efforts by the two Spanish utilities to develop a competitive Spanish power market and promote the use of forward contracts.
Fifteen participants, 11 of them foreign, took part in the auction on June 13. A larger number of traders are expected to participate in later auctions, since not all were able to make the deadline to register
The week on Risk.net, December 2–8, 2017Receive this by email