Knowledge

Bruno Azevedo Rodrigues, and Ivone Rocha, partners responsible for the Energy and Natural Resources practice and Rui Ferreira de Almeida, associate, sign the chapter dedicated to Portugal that is part of the 11th edition of The Energy Regulation and Markets Review, published by The Law Reviews series, by the Law Business Research group.

In this chapter on Portugal, TELLES' team of lawyers analyze the country's energy market and how it is positioning towards the objectives established in the National Energy and Climate Plan (PNEC 2030). Among the main objectives of PNEC are the contribution for the decarbonization of the Portuguese economy and accomplishment of the targets set for energy efficiency.

“The Portuguese energy market is mature, with a mix in which green energies have been gaining a significant and exponential presence. The main challenges in the energy market relate to projects involving hydrogen, the completion of the liberalisation of the electricity and gas industries, extended until late 2025. (…) In the coming years, hydrogen and lithium are expected to play a major role in Portugal. The long-awaited licensing tender for prospection rights for lithium is expected to be launched in the near future. Green hydrogen will, over time, allow Portugal to transform its energy paradigm completely and become a net energy exporter...”, can be read in the chapter.

The Energy Regulation and Markets Review offers an insightful survey of the key features of energy regulatory regimes worldwide, along with analysis of their impact on commercial practice. Focusing on the most consequential recent developments in the electricity, oil, natural gas and renewable energy sectors, the review covers (among many other things) the major licensing requirements, market access restrictions, distribution regulations and regulatory enforcement activities.

Read the full chapter in the pdf below.