See the information available regarding the Romulo Project, the Spanish peninsula-Balearic Islands' electricity interconnection.
The regulation that assigned the operation of the Balearic Islands' electricity system to Red Eléctrica came into force on 10 April 2006.
Royal Decree 1747/2003 of 19 December, was drafted under Ministerial Orders ITC 913/2006 of 30 March, for which it approved the method for calculating the cost of each fuel used and the procedure for energy dispatch and settlement in the Insular and Extra-peninsular Electricity Systems (hereinafter SEIE) and the ITC 914/2006 of 30 March, establishing the method for calculating remuneration for energy guarantee for the ordinary regime generation facilities of the SEIE in addition to operation procedures of the SEIE. This Royal Decree establishes the functions which Red Eléctrica, as operator of the electricity system in the Balearic Islands, must undertake to guarantee the technical management of the systems.
Since 17/2007 Act was published on 4 July, Red Eléctrica is also responsible for managing, maintaining and developing the transmission grid in the insular and extra-peninsular systems.
The presence of Red Eléctrica in the Balearic Islands, in addition to being a guarantee of transparency and neutrality in the functioning of the Balearic Islands' electricity sector, makes the inclusion of other generators and market agents possible, conforming to a free competition which improves the economic efficiency of the Balearic Islands' electricity system.
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Lastest update: 06-June-2012