What is Portugal's energy supply?

In 2019, fossil fuels accounted for 76% of Portugal’s total energy supply (TES).1 Portugal has no production of crude oil, natural gas or coal and relies entirely on imports for these energy sources. Domestic energy production comes primarily from bioenergy (direct use and electricity generation) and generation from wind and hydro (Figure 2.2).

Who supplies the most electricity in Portugal?

EDP is by far the largest supplier of electricity purchased at the wholesale level in Portugal. In 2019, it supplied 46% of the electricity purchased at the wholesale level in Portugal, followed by REN Trading (9%) and Endesa (5%). Numerous renewable energy generators under the FIT regime supplied the remaining 40% (ERSE, 2020d).

Can Portugal develop a commercial energy storage value chain?

The efforts require the development and implementation of an appropriate legal, policy and funding framework, and for oversight by the Commission for Climate Action. The IEA notes Portugal’s potential in developing commercial opportunities in the energy storage value chain.

What is Portugal's energy mix?

Hydroelectric power, benefiting from Portugal's river systems, and wind energy are among the most significant contributors to the country's energy mix. Solar power is also on the rise, taking advantage of the country's sunny climate. Portugal's commitment to renewable energy is evident in its ambitious targets and policies.

Why is Portugal introducing dynamic electricity pricing?

The government has reduced VAT on basic electricity use to help offset high prices, and most components are clearly broken down on your monthly bill. Portugal is embracing dynamic pricing — giving consumers more control and potential savings. Two types are available:

Does Portugal have a green energy plan?

Portugal is building one of the cleanest and smartest electricity systems in Europe. Between surging renewables and flexible tariffs, it’s never been easier for households and businesses to go green — and save money doing it. Time to rethink your energy plan?