Commodity Market Report

Portugal energy markets long-term outlook 2018

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27 April 2018

Portugal energy markets long-term outlook 2018

Report summary

Portugal's energy demand is set to grow in the short term as the economy continues to recover from the financial crash. Industrial energy demand will contract while RCA demand remains close to flat over the forecast. However, in the power sector, significant growth is expected in both renewable and gas output. This allows Portugal to increase its power exports to Spain by over 20 TWh by 2035 despite the exit of coal power from the market. Portugal's renewable market continues to be one of the largest in the EU

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