Spain energy report

• Spain targets a share of 42% of renewables in final energy consumption and a 23% reduction in GHG emissions by 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.
• Solar and wind capacity additions increased sharply in 2020 (+4.3 GW). CO₂-free generation now accounts for 67% of the power mix.
• Taxes on electricity have been cut until the end of 2021 in a context of surging wholesale prices.
• Energy consumption has been decreasing since 2017, with a sharp drop in 2020 (-11%).
• The country expects to raise wind and solar capacity to 38 GW and 21 GW, respectively, in 2030.

• 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

  Oil:

  Repsol is the national oil company (JPMorganChase 5.4%, BlackRock 5.1%). In 2019, Repsol committed to reduce its carbon intensity by 10% in 2025 (compared to 2016), by 20% in 2030, and by 40% in 2040, until reaching net zero CO₂ emissions in 2050. The group will focus on gas production and will seek to boost biofuel production and green hydrogen production.

• Energy Supply

  Gas:

  The country's gas production is very limited (around 50 mcm in 2020) and most of the gas consumed is imported.

• Energy Prices

  Oil:

  The prices of gasoline and diesel oil are about 10% lower than EU averages. Motor fuel prices follow global prices, increasing between 2016 and 2019 (+4.1%/year for gasoline and +6.2%/year for diesel) and contracting by 9% and 12% in 2020. In 2021, prices firmed up by around 4% to €1.23/l for gasoline and €1.11/l for diesel.

• Energy Consumption

  In 2020, total consumption per capita was 2.3 toe (20% lower than the EU average), including 4 800 kWh of electricity (9% below 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.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

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

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2020, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2020, %)
• 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 (2020, %)
• GRAPH 10: Final consumption market share by sector (2020, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2020, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2020, %)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2020, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2020, %)

In the Spain 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.

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.