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, providing 22% and 13% respectively, while biomass accounted for 5%. Natural gas production made up 14% of the consumption, with imports reaching a record high of 24%. The report also noted a 20.5% decline in natural gas consumption compared to last year, with significant reductions in electricity production segments. The national supply was primarily sourced from the Sines LNG terminal, with exports to Spain at an all-time high.