MIBEL definition

MIBEL means Mercado Ibérico de Eletricidade.
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MIBEL. (Iberian Electricity Market) means as the Portugal-Spain electricity market coupling in place since July 2007 resulting from the cooperation between the Portuguese and Spanish Governments with the aim of promoting the integration of both countries' electrical systems as provided in (i) the signature of Protocol for the Cooperation between the Spanish and Portuguese Government for establishing the Iberian Electricity Market in November 2001, (ii) the signature of the Agreement in Santiago de Compostela between the Portuguese Republic and the Kingdom of Spain in October 2004, (iii) 22nd Luso-Spanish Summit of Badajoz which took place in November 2006; and (iv) the signature of the Agreement in Braga in January 2008 which revises the Santiago Agreement.
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Examples of MIBEL in a sentence

  • In addition, as part of the adoption of urgent measures in the field of energy taxation due to the high prices verified in MIBEL since June 2021, the Spanish government has suspended the 7 per cent.

  • The competent jurisdiction for the appeals regarding the administrative actions taken by the competent authorities in the context of the implementation of MIBEL rules shall be determined based on the nationality of the authority which has taken the action underlying that appeal.

  • OMIClear is the company responsible for managing the MIBEL Derivatives Market.

  • Each Lender, each Person acquiring a participation from any Lender as contemplated by Section 10.04, the Company and each Borrowing Subsidiary hereby consents and agrees to the CAM Exchange.

  • Within the scope of the meetings of the Board of Regulators of the MIBEL (Chairs Committee and Technical Committee) information can be requested and provided with the characteristics set forth herein, recording these requests and disclosures in the respective minutes of the meetings.

  • The non organised markets to which number 2 of article 1 refers comprise bilateral transactions between the entities of MIBEL which settlement is either physical or in cash.

  • The supervision entities of MIBEL are, for Portugal, the Energy Services Regulatory Authority (“Entidade Reguladora dos Serviços Energéticos”, abbreviated as “ERSE”) and the Securities Market Commission (“Comissão do ▇▇▇▇▇▇▇ de Valores Mobiliários”, abbreviated as “CMVM”) and, for Spain, the National Energy Commission (“Comisión Nacional de Energía”, abbreviated as “CNE”) and the Securities Market Commission (Comisión Nacional ▇▇ ▇▇▇▇▇▇▇ de Valores, abbreviated as “CNMV”).

  • Both Parties undertake to develop and modify, on a coordinated basis, the respective internal legislation and regulation deemed necessary to allow the operation of MIBEL.

  • Considering that electricity is traded under the organised markets of MIBEL and the respective settlement are the following (para.

  • MIBEL will start its operation before 30 June 2005, providing free access to the markets to the entities of both Parties.

Related to MIBEL

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