Portugal Faces Electricity Crisis: Import Ban Costs Consumers Four Times More Than Spain

One week after the major blackout that plunged the Iberian Peninsula into darkness, Portugal continues to suffer from the suspension of electricity imports from Spain, enforced by REN for technical reasons. This situation means that Portugal is unable to take advantage of the lower wholesale prices available in neighboring Spain. The financial implications are significant, leading to millions of euros in additional costs for Portuguese consumers.

The blackout, which remains unexplained beyond initial reports of voltage fluctuations in the Spanish grid, has prompted this temporary restriction on electricity imports. This ban is expected to last at least until Tuesday, further exacerbating the financial burden on consumers who are left without access to cheaper energy sources.

The absence of clarity on the causes of the blackout and the ongoing suspension of imports raise concerns about the stability of energy supply in Portugal, affecting both households and businesses alike.