The Iberian grid meltdown imperils electricity trade

The Iberian grid meltdown imperils electricity trade

By exposing consumers and industries to prices that better reflect the geography of electricity production, European countries would create powerful incentives to improve the efficiency of the entire system.

The poor interconnection leaves the Iberian peninsula with insufficient capacity to deal with a crisis like last Monday

⚡️The Iberian blackout and the future of the grid

What happens when Europe's leading renewable grids buckle under pressure, and energy becomes as volatile as it is vital?This week, I spoke with , CEO of Octopus Energy, the UK's largest electricity provider, to unravel the Iberian blackout, where tens of millions lost power overnight, and explore how to future-proof our energy grids.We discussed:Why Spain and Portugal's "energy island" approach makes their grids vulnerable.The critical lack of b…

The blackout has wreaked havoc and, now that a few days have passed, it is time to respond to the classic doubts that may arise behind it. One of the main ones has to do with pay, especially if that situation prevented us from working normally during the day. The blackout that left the entire Iberian Peninsula without light at the beginning of this week has had more than remarkable consequences on the working environment. Hours after it was wipe…

The Iberian Peninsula was hit hard by a power outage that lasted several hours last Monday. In Spain, as in Portugal, many services were interrupted or conditioned and had not yet been restored after 24 hours, causing inconvenience to the population

Closed airports, transportation and traffic congestion in large cities, and lack of fuel were some of the consequences of the blackout.