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Portugal energy report

Portugal energy report
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Format
4 files (PDF report, 3 Excel files)
Pages
66 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

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1 490 €

Overview

Portugal’s energy and climate strategy centres on ambitious decarbonisation, targeting significant emissions reductions and a high renewable energy share by the end of the decade. Governed by the Ministry of Climate and Energy, the policy framework promotes liberalised electricity and gas markets, with robust infrastructure like the Iberian MIBEL market. Renewables, particularly solar and wind, dominate capacity expansion, supported by auctions and green hydrogen initiatives, while energy efficiency programmes drive sectoral transitions.

Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.

Highlights

  • The country targets a reduction of 55% in GHG emissions and a 49% share of renewables in final energy consumption in 2030.
  • EDP for electricity and Galp Energia for oil and gas dominate their respective markets.
  • Chinese companies own 21% of EDP and 25% of REN, the power and gas transmission company.
  • The share of renewables in the power mix reached 87% in 2024.
  • Gas prices are 30% below the EU average, while electricity prices are only 5% below.
  • REN expects to increase its renewable capacity to 23 GW by 2031.
  • The 2 Mt/year H2Med (Portugal, Spain, France and Germany) has obtained authorisation to start the development of the Portugal-Spain interconnection.
80%
of renewables in power mix by 2026
5.5 GW
planned capacity of electrolysers by 2030
2045
target year to reach carbon neutrality

  • Energy & Climate Policy Framework

    The Ministry of Climate and Energy oversees the national energy policy and supervises the energy sector through the Secretariat of Energy. The Directorate General for Energy and Geology (DGEG) is responsible for designing, promoting, and evaluating energy policies.

    ERSE, Entidade Reguladora dos Serviços Energéticos, is the electricity and gas regulator.

  • Energy Companies

    Gas:

    Galp sold about 47 TWh in 2024, with no variation compared to 2023, of which 6.9 TWh went to electricity generation and 16.3 TWh corresponded to distribution and supply of natural gas to direct clients.

  • Energy Supply & Demand

    Gas:

    Portugal imports all the gas it consumes. Imports reached 3.6 bcm in 2024 (-17%), mainly as LNG. Imports reached a peak in 2017 at 6.2 bcm. Previously, they remained between 4 and 5 bcm over 2012-16.

  • Energy Use and Price by Sector

    Energy Prices in Transport:

    In 2024 energy prices for the transport sector have remained relatively stable, with motor gasoline remaining at 1.72€/l and road diesel at 1.58 €/l. These prices are closed to the European Union average.

    Graph: Energy Prices in Transport (Taxes Included)

  • Issues & Prospects

    Gas:

    REN's draft Ten-Year Network Development and Investment Plan for 2024-2033 (PDIRG 2024-2033) estimates investments in the gas network at €162m over 2024-2033. REN expects gas consumption to decline by 3.7%/year between 2023 and 2033 to around 3.9 bcm, due to a 75% decrease in demand from the power sector.

  • Graph 1: Final Intensity to GDP
  • Graph 2: Primary Consumption Trends by Energy Source
  • Graph 3: Total Consumption Market Share by Energy (2024)
  • Graph 4: Installed Electric Capacity by Source
  • Graph 5: Installed Electric Capacity by Source (2024)
  • Graph 6: Gross Power Production by Source & Consumption
  • Graph 7: Power Generation by Source (2024)
  • Graph 8: CO2 Intensity of Electricity Generation
  • Graph 9: Crude Oil Production & Consumption
  • Graph 10: Petroleum Products Production & Consumption
  • Graph 11: Gas Production & Consumption
  • Graph 12: Coal Production & Consumption
  • Graph 13: GHG Emissions and CO2-energy Emissions
  • Graph 14: CO2-Emissions per Capita
  • Graph 15: CO2 Intensity to GDP
  • Graph 16: Final Demand Trends by Energy Source
  • Graph 17: Final Consumption by Sector
  • Graph 18: Final Consumption Market Share by Sector (2024)
  • Graph 19: Share of Electricity in Total Final Energy Consumption
  • Graph 20: Final Consumption in Industry by Energy Source
  • Graph 21: Energy Prices in Industry (Taxes Included)
  • Graph 22: Final Consumption in Transport by Energy Source
  • Graph 23: Energy Prices in Transport (Taxes Included)
  • Graph 24: Final Consumption in Residential, Services, Agriculture by Energy Source
  • Graph 25: Energy Prices in Residential (Taxes Included)
  • Graph 26: Upcoming New Capacity by Energy Source
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Portugal energy market data since 1990 and up to is included in the Excel file accompanying the Portugal country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Portugal Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Portugal energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Portugal country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.