The company said that it would expect to start trading in the Polish wholesale energy market before the end of 2008. It will also seek out and analyze business opportunities to sell electricity in the retail markets. This license is the 11th license Iberdrola has received from a European country.
Iberdrola currently trades over 100TWh of energy in European wholesale markets each year. According to the company, it has now an energy trading presence in the markets of Spain, France, Germany, Italy, Holland, Belgium, Austria, Portugal, Switzerland, United Kingdom and Greece. It has been awarded virtual capacity in five regions and contracts to supply five grid operators with network losses and two distributors.
In July this year, it won 16% of the interconnection capacity auctioned between Italy and Greece by the operator Terna, allowing it to transmit more than 29,750 MWh from one region to the other that month.
The company also won 40% of the Portugal’s fourth virtual generation capacity auctioned jointly in March by Energías de Portugal (EDP) and Redes Energéticas Nacionais (REN). These types of transactions have given Iberdrola 920,000 MWh of capacity in Portugal this year.
