5th
largest wind capacity worldwide (2020)
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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 2020 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
5th
largest wind capacity worldwide (2020)
67%
share of CO2-free generation in the power mix (2020)
5.2 GW
of coal-fired capacity retired since 2015
Abstract
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.
Below is a list of the Spain energy market report graphs:
In the Spain energy market report you will find the following tables:
The Spain energy market data since 1990 and up to 2020 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:
The Spain 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 Spain country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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