27%
energy independence rate
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This analysis includes a comprehensive Belgium energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
27%
energy independence rate
3.5 GW
of additional solar capacity since 2015
76%
share of carbon free sources in the power mix (2021)
Abstract
Institutions & Energy Policy
The institutional framework of the energy sector is based on the subsidiarity principle, i.e. the sharing of responsibilities between the federal authorities, the three provincial authorities (or regions) (Flanders, Wallonia and Brussels) and the local authorities.
Energy Supply
Oil:
All the oil is imported (57 Mt in 2021). Crude oil accounts for around 55% of oil imports. In 2021, around 2/3 of crude oil was imported from Russia (29%), Norway (17%), the UK (10%), and Saudi Arabia (8%).
There are four refineries, all located in Anvers, with a total capacity of (837 kb/d). The refineries are focused on diesel production (around half of total production).
Energy Prices
Electricity:
Industrial prices in Belgium are close to the EU average, while household prices are around 30% higher. In 2021, taxes accounted for 42% of residential prices, followed by energy costs (26%).
Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (€c/kWh)
Energy Consumption
Total energy consumption per capita is around 60%higher than the EU average, at 4.8 toe in 2021. Electricity consumption per capita is a third above the EU average and amounted to around 7 200 kWh in 2021.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
According to the Federal Planning Bureau's (FPB) "Economic Outlook 2021-2026", after a strong decrease in 2020, the final energy consumption in 2022 will reach the same level as in 2019.
Below is a list of the Belgium energy market report graphs:
In the Belgium energy market report you will find the following tables:
The Belgium energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Belgium country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Belgium country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Belgium country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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