Mostly as a consequence of a mismanaged monopoly held by EDP. Regulation didn't work, and we made it worse during the crisis by selling all of EDP (including RE

Mostly as a consequence of a mismanaged monopoly held by EDP. Regulation didn't work, and we made it worse during the crisis by selling all of EDP (including REN, the electricity transport company) to private foreign entities. I don't see any hope of a more efficient market in the near future. Not everything is poor management, though. The current infrastructure, which allows these records, is the result of a huge hydro-dam program in the 1950s and a very strong incentive for wind power in the noughties.