Electricity consumption rises 3% until October and renewables supply 62%

Electricity consumption in Portugal rose by 3% until October, with renewable sources supplying 62% of the national electricity demand. The REN reported that while consumption increased overall, October saw a slight decrease of 0.2%. Hydropower and wind energy contributed significantly, accounting for 22% of the supply, while solar and biomass provided 13% and 5%, respectively. Natural gas production made up 14% of the consumption, with imports reaching a record high of 24%. Additionally, natural gas consumption dropped by 20.5% year-on-year, with significant reductions in electricity production and conventional use. The national supply was primarily sourced from the GNL terminal in Sines, with exports to Spain at an all-time high.