Iberian Blackout: Let the Finger Pointing Begin

Report Summary:

On Monday, 28th April, a pair of frequency deviations in rapid succession on the Iberian grid triggered a major system outage across Spain and Portugal. This Insight examines the fundamentals of the Iberian Peninsula's power mix in the weeks leading up to the blackout before analysing prevailing market dynamics on the day of the outage itself. We conclude with a consideration of policy implications and political fallout resulting from the widespread blackout.