The New Portuguese Electrical System Rules

The new framework applicable to the National Electrical System ("SEN") finally came into force, brought by Decree-Law 15/2022, of 14 January (the "New SEN Framework Law" ). The main novelties are the following:

ELECTRICITY GENERATION AND STORAGE

• Instead of an ordinary and a special regime, generation, self-consumption, and storage will be covered by a single framework of prior control, which could be either a prior notification, prior registration, operating certificate, or production and operating license.
• The feed-in tariff scheme is eliminated, and electricity generation and storage activities are now subject to prices freely established in the market, with two exceptions: (i) feed-in tariffs already granted will keep going until the end of the respective term; (ii) renewable production can benefit from specific traffic granted in new capacity auctions by the Portuguese Government.