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4 files (PDF report, 3 Excel files)
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55 (Report only)
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Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

This analysis includes a comprehensive Spain 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 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.

Highlights

  • Spain targets a 48% share of renewables in final energy consumption and a 32% reduction in GHG emissions in 2030. It aims at carbon neutrality in 2050.
  • Iberdrola, Endesa, and Naturgy account for around half of the power generation.
  • Naturgy is the largest gas supplier. Repsol and Cepsa share the oil market.
  • The share of CO2-free generation has increased by 14 points since 2010 and accounted for 65% of the power mix in 2022.
  • Spain has introduced a large set of measures to limit the impact of surging wholesale prices on consumers.
  • Energy consumption remained stable in 2022, after a recovery of almost 6% in 2021.
  • The country expects to raise solar and wind capacity to 76 GW and 62 GW, respectively, in 2030.
  • Many renewable hydrogen production and pipeline projects are under development.
5th
largest wind capacity worldwide (2022)
64%
share of CO2-free generation in the power mix (2022)
7.9 GW
of coal-fired capacity retired since 2010

  • Institutions & Energy Policy

    The Ministry of Ecological Transition and Demographical Challenge (MITECO) coordinates the energy policy through the State Secretariat for Energy. It also covers the environmental and climate policy. An Inter-Ministerial Commission on Climate Change and Ecological Transition attached to MITECO was created in 2018 to coordinate decision-making related to climate change and energy.

  • Energy Companies

    Electricity:

    There are 3 large electricity companies: Iberdrola (Qatar Investment Authority 8.7%, Blackrock 5.2%, Norges Bank 3.4%), Endesa (Enel Iberia 70.1%), and Naturgy (Caixa 26.7%, Rioja 20.7%, GIP 20.6%, Global InfraCo (IFM) 14%, and Sonatrach 4.1%).

  • Energy Supply

    Oil:

    Oil production is very low (below 10 kt in 2022). Crude oil imports increased by 8% in 2022 reaching 65.9 Mt. They had increased by 2.7%/year from 2010 to 2018 and fell by 15% in 2020, before increasing again by 4% in 2021. The main suppliers of crude in 2022 were Nigeria (13%), the US and Mexico (10% each), Brazil (8.5%), and Arabia Saudi (7.5%).

  • Energy Prices

    Oil:

    The prices of gasoline and diesel oil surged in 2021 (16% on average) and 2022 (+32% for gasoline and +43% for diesel), following international prices. Prices increased between 2016 and 2019 (+4.1%/year for gasoline and +6.2%/year for diesel). Taxes accounted for 39% of the gasoline price and 34% of the diesel price in 2022 (no VAT cut on motor fuels in 2021 or 2022).

  • Energy Consumption

    In 2022, total consumption per capita was 2.4 toe (around 20% lower than the EU average for 2021), including 4 830 kWh of electricity (around 10% over the EU average).

    Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

  • Issues & Prospects

    According to the baseline scenario presented in the NECP, primary energy consumption would increase marginally (+0.2%/year) between 2015 and 2030, reaching 127 Mtoe in 2030, while final energy consumption would grow slightly faster, by 0.6%/year, to 93 Mtoe in 2030. These data have not been updated on the recently published draft version of the NECP.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • 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 (2022, %)
  • GRAPH 10: Final consumption market share by sector (2022, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2022, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2022, %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2022, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2022, %)
  • 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.

The Spain energy market data since 1990 and up to is included in the Excel file accompanying the Spain 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.
  • Spain Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Spain 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 Spain 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.