Spain energy report

• Spain targets a 42% share of renewables in final energy consumption in 2030. It aims to cut GHG emissions by 23% in 2030 and targets carbon neutrality by 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.
• Household electricity prices have decreased by 10% since 2018.
• Energy consumption has been decreasing since 2017.
• The country expects to raise wind and solar capacity to 38 and 21 GW, respectively, in 2030.

• Institutions & Energy Policy

  The Ministry of Ecological Transition (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 8.71%, Blackrock 5.16%, Norges Bank 3.60%), Endesa (Enel 70%), and Naturgy (former Gas Natural Fenosa, Caixa 24.8%, Rioja 20.7%, infrastructure fund GIP 20.6%, and Sonatrach 4.1%).

• Energy Supply

  Resources:

  Spain has limited oil reserves (25 Mt) and no gas reserves (3.3 bcm) (end of 2020). Shale gas reserves have been estimated at about 1 415 bcm, which would represent at least 39 years of domestic gas demand. Proven coal and lignite reserves are at 1.2 Gt (around 70% of coal).

• 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%/year for gasoline and +6.2%/year for diesel) and contracting by 9% and 12% in 2020. Taxes account for 58% of the gasoline price and 52% of the diesel price (2020).

  Graph: GASOLINE & DIESEL PRICES (€/l)

• Energy Consumption

  In 2020, total consumption per capita was 2.3 toe (15% lower than the EU average), including 4 800 kWh of electricity (slightly 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.