The Past And Future Of The Spanish Electrical Market

1.- The process of liberalisation of the Spanish Electricity Sector

In the middle of the fifties, the installed electrical power in Spain did not exceed four thousand MW and production was just fourteen-thousand GWh. Since then, the Spanish economy has grown at rates never achieved before. As if governed by the law of physics, this economic growth has inexorably gone hand in hand with an increase in electrical production in such a way that the installed electrical power at the end of 2005 stood at almost eighty-thousand MW and production exceeded 292,000 GWh.

This spectacular change has not just been quantitative. In 1956, almost eighty-five percent of Spanish electrical generation had its origin in hydroelectric plants, "fábricas de luz" or "electricity factories" as they were known, which were use...

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