The low-voltage electricity grid in Portugal ("LV") is operated by private entities awarded with a concession granted by the municipalities. The exiting concessions were to expire between 2021 and 2022 but remained effective as the new tenders were not launched. The former Portuguese Government announced earlier this year a calendar for the new public tenders which stipulated its launch until 30 June 2025. This calendar is no longer applicable following the announcement of the Resolution no. 122/2024, of 2 September by the ruling Portuguese Government. A new entity named the Low Voltage Coordination Commission (“LVCC”) has now been set. It will have as its more immediate responsibility preparing until 15 December 2024 a new calendar for the launching of the tenders. The previous calendar stipulated that municipalities were to indicate whether they intended to launch the tender for the respective concession individually or as a group with other municipalities by 31 October 2024. This date is no longer effective and therefore the uncertainty regarding the number of future concessions remains.
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