Why is electricity so expensive in Portugal?
Currently, Portugal has one of the highest electricity prices in Europe, with prices for households and small businesses significantly above the EU average. This is partly due to the country's heavy reliance on imported energy, which makes up around 65% of its energy consumption.
How much energy does Portugal use per year?
of electric energy per year. Per capita this is an average of 4,702 kWh. Portugal can partly be self-sufficient with domestically produced energy. The total production of all electric energy producing facilities is 45 bn kWh. That is 90 percent of the country's own usage. The rest of the needed energy is imported from foreign countries.
What factors influence electricity prices in Portugal?
Overall, electricity prices in Portugal are influenced by a complex set of factors, and are likely to continue to evolve over time as the country seeks to balance the needs of its energy consumers with its environmental and economic goals.
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