What is power generation in Portugal?

Power generation can be described as the production of electricity using different types of technology, like thermal, solar, wind, hydro, nuclear, etc. The Portugal power market is segmented by power generation, transmission, and distribution. By power generation, the market is segmented into thermal, hydro, renewable, and others.

How much does electricity cost in Portugal?

In March, prices dipped to just €19.26 per megawatt hour (MWh) in Portugal as renewables covered 91% of the country’s electricity needs, while in neighbouring Spain, prices averaged €20.28/MWh and the share of renewables stood at 68% — a monthly record.

How is the Portugal power market segmented?

The Portugal power market is segmented by power generation, transmission, and distribution. By power generation, the market is segmented into thermal, hydro, renewable, and others. For each segment, the market sizing and forecasts have been done based on installed capacity (gigawatts), except transmission and distribution.

What is the growth rate of the Portugal power market?

The Portugal Power Market is growing at a CAGR of greater than 3% over the next 5 years. Acciona SA, Finerge SA, Iberdrola SA and Energias de Portugal are the major companies operating in this market.

How will urbanization and electrification affect power consumption in Portugal?

The degree of urbanization and electrification is also expected to drive power consumption. On the other hand, the dependency on renewable weather conditions such as the sun for solar energy and the wind for wind energy is expected to restrain Portugal's power energy market.

How is energy trading facilitated in Portugal?

Portugal's energy trading activities are facilitated through various platforms, each catering to different segments of the market: OMIP (The Iberian Energy Derivatives Exchange): OMIP provides a marketplace for trading electricity derivatives, including futures, swaps, and options, covering both Portugal and Spain.