Spain energy report

• Spain targets a 42% share of renewables in final energy consumption and a 23% 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 68% of the power mix in 2021.
• Spain has introduced a large set of measures to limit the impact of surging wholesale prices on consumers.
• Energy consumption recovered by almost 6% in 2021, after a 10% drop in 2020.
• The country expects to raise wind and solar capacity to 38 GW and 21 GW, respectively, in 2030.
• Many renewable hydrogen production and pipeline projects are under development.

• 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 (BlackRock 5.3%, Amundi 3.2%). In 2019, Repsol committed to reduce its carbon intensity by 15% 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

  Oil:

  Oil production is very low (below 10 kt in 2021). Crude oil imports increased by 2.7%/year from 2010 to 2018 and fell by 15% in 2020, before increasing again by 4% in 2021 to 61 Mt. The main suppliers of crude in 2021 were Nigeria (18%), Mexico (14%), and Kazakhstan (7%).

• Energy Prices

  Electricity:

  The average day-ahead price on the wholesale market has surged since 2020 (€34/MWh) in a context of higher gas and CO₂ prices, to €112/MWh in 2021 and €168/MWh in 2022 (+50%).

• Energy Consumption

  In 2021, total consumption per capita was 2.4 toe (21% lower than the EU average), including 4 960 kWh of electricity (14% 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 (2021, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2021, %)
• 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 (2021, %)
• GRAPH 10: Final consumption market share by sector (2021, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2021, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2021, %)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2021, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2021, %)

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.