Although the Spanish company had a 54% share of the liberalized market in July, Mr Ribeiro da Silva is reported to have said that ‘the killer triangle’ was compelling the company to quit Portugal. The problem includes a combination of the lack of electricity interconnections with Spain, Energias de Portugal’s monopoly on production and the price distortions.
According to Thompson Financial, the newspaper also cited Mr Ribeiro da Silva as saying that the Portuguese government is preventing the creation of a competitive market by altering the tariffs for 2007 and extending Energias de Portugal’s dam concessions.
