Portugal energy report

This analysis includes a comprehensive Portugal 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 2019 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.

Portugal energy report
October 2020
4 files (PDF report, 3 Excel files)
40 (Report only)

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  • The NECP targets a 45% reduction to 55% of GHG emissions and a share of 47% 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 has remained stable since 2010 (around 55%).
  • Gas imports grew again between 2017 and 2018, especially for the power sector.
  • Electricity prices have been stable since 2014, while gas prices dropped by over 20% since 2014: both are close to the EU average.
  • Energy consumption has decreased slightly since 2017.
  • Portugal aims to strengthen its electricity and gas interconnections to improve its supply security.
  • More than 1 GW worth of new hydropower plants is expected by 2024.


of renewables in the power mix (2019)

+1 GW

of hydropower capacity by 2024


gas consumption from 2014 to 2017


  • Institutions & Energy Policy

    The State Secretary for Energy, under the Ministry of Economy, oversees the national energy policy and supervises the energy sector. 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


    EDP, Energias de Portugal, the former national electric utility, is held by China Three Gorges (CTG) (23.3% since 2011), OPPIDUM (7.2%), CNIC (4.34%), BlackRock (5%), Mubadala (3.15%), and other shareholders. CTG's plan to acquire the remainder of EDP's shares (€3.26/share offer, valuing the group at €9bn) was rejected by the other shareholders.

  • Energy Supply


    Portugal does not have hydrocarbon resources. The country has a good hydroelectric potential (about 32 TWh). Its wind and solar potential is significant.

  • Energy Prices


    Electricity tariffs have been stable since 2013 and settled at €11.5c/kWh for industrials and €21.7c/kWh for residential consumers in 2020.

    Electricity prices are close to the EU average.


  • Energy Consumption

    Consumption per capita is 31% lower than the EU average at 2.1 toe, 4 700 kWh of which is electricity (15% below the EU average) (2019).


  • Issues & Prospects


    REN estimates that power consumption should rise by 0.3%/year between 2016 and 2022. Given this very low growth prospect, several gas power projects have been cancelled.

Table of Contents


Download the Table of Contents

List of Graphs

Below is a list of the Portugal energy market report graphs:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • GRAPH 5: Gasoline & diesel prices (€/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2019, %)
  • GRAPH 10: Final consumption market share by sector (2019, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2019, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2019,%)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2019, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2019, %)

List of Tables

In the Portugal energy market report you will find the following tables:

  • 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.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

Data (Excel Sheet)

The Portugal energy market data since 1990 and up to 2019 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 report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.


Projections Data (Excel Sheet)

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.

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