Electricity in Spain - statistics & facts

With a population of some 47.4 million inhabitants, Spain is one of the largest electricity consumers in the European Union. In 2022, Spain’s electricity demand stood at roughly 250 terawatt hours, a figure that has been slightly decreasing in the last years. The share of electricity in Spain's final energy consumption, however, has been on a mostly upward trend in the last decades. Today, approximately one quarter of the country’s energy needs is covered by electricity.

Spain’s electricity mix

The Spanish grid was mainly powered by combined cycle, wind, and nuclear power plants in 2022. These three sources accounted for over 65 percent of the total electricity generated in that year. The role of renewables in the power sector is steadily increasing, with the share of electricity produced from renewable sources peaking at 46.7 percent in 2021. This figure is expected to increase rapidly in the next years, as the country aims for a 74 percent share of renewable electricity generation by 2030. Of the 119 gigawatts of installed power capacity in the country, more than half consists of renewables. With almost 30 gigawatts installed, wind is the generation technology with the most extensive capacity in Spain.

Leading power utilities in Spain

Iberdrola and Endesa are the two main electricity suppliers in Spain. Together, they had roughly 50 gigawatts of installed capacity across the country at the end of 2021, and both ranked among the 10 largest European electric utility companies that same year. The two companies also account for more than half of the sales in the retail electricity market and cover almost 70 percent of clients across the country. Although the market is still highly concentrated, a large number of small electricity providers have emerged in recent years.

Electricity prices in Spain

Throughout 2021 and 2022, electricity prices soared in Europe. Spain recorded an average annual electricity price of more than 200 euros per megawatt hour in 2022, a five-fold increase from the average price in 2020. Monthly wholesale prices saw historic increases during the past year, peaking in March after Russia’s invasion of Ukraine. Spain introduced a gas price cap in June 2022, which helped contain the price of electricity in the following months.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Lucía Fernández, Dec 21, 2023

Key insights

Installed power capacity in Spain
124.7 GW
Electricity generation in Spain
266.8 TWh
Share of renewables in Spain’s electricity generation
50.3%
Get more insights

Editor’s Picks Current statistics on this topic

Largest electricity companies by market capitalization in Spain as of March 6, 2024 (in billion U.S. dollars)

Financial Instruments & Investments

Largest electricity companies by market capitalization Spain 2024

Electricity prices for households in Spain from 2011 to 2022, semi-annually (in euro cents per kilowatt-hour)

Energy

Electricity prices for households in Spain 2011-2022, semi-annually

Share of electricity from renewable sources in Spain from 2008 to 2023

Renewable Energy

Share of renewable electricity in Spain 2008-2023

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Overview

6

Overview

Capacity and generation

6

Capacity and generation

Trade

4

Trade

Consumption

4

Consumption

Companies

5

Companies

Prices

3

Prices

Emissions

5

Emissions

Further reportsGet the best reports to understand your industry

Global energy prices
Global energy prices
Renewable energy in Spain
Renewable energy in Spain
Global electricity
Global electricity
Energy sector in Spain
Energy sector in Spain
Electricity in Europe
Electricity in Europe
Electricity companies in Europe
Electricity companies in Europe

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