🇵🇹 Electricity spot price in Portugal today – July 24, 2024

Electricity spot prices in Portugal today, hour by hour. Including prices for the last 30 days.

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Electricity price today in Portugal

Right now the price of electricity in Portugal is   0.082 €/kWh +3,4 %

Highest electricity price today is 0.124 €/kWh at 21-22 Lowest electricity price today is 0.075 €/kWh at 16-17 On average the electricity price today is ~0.095 €/kWh
Detailed tabled Last 30 days

A shower costs today
0.49 € in Portugal

Lowest price today: 0.74 € Highest price today: 0.45 €

10 min, 160 l of water = ~6 kWh

A bath costs today
0.62 € in Portugal

Lowest price today: 0.93 € Highest price today: 0.56 €

200 liters of water = ~7,5 kWh

An oven at full blast all day costs today
2.28 € in Portugal

 

1000W x 24 hours = 24 kWh

Boil 1 liter of water costs today
0.01 € in Portugal

Lowest price today: 0.01 € Highest price today: 0.01 €

Hot plate for 4 min = ~0,12 kWh

Bake a pizza costs today
0.09 € in Portugal

Lowest price today: 0.14 € Highest price today: 0.08 €

Oven for 30 min = ~1,1 kWh

Charge an electric car costs today
3.69 € in Portugal

Lowest price today: 5.58 € Highest price today: 3.39 €

Nissan Leaf 10-80% = ~45 kWh

More examples
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Electricity market in Portugal

Primary energy sources in Portugal

Portugal has made significant progress in diversifying its energy sources, with a strong focus on renewable energy. Historically reliant on imported fossil fuels, the country has shifted towards wind, solar, and hydroelectric power in recent years. This transition has positioned Portugal as a leader in renewable energy use in Europe.

Energy sources in Portugal

Hydroelectric power, benefiting from Portugal's river systems, and wind energy are among the most significant contributors to the country's energy mix. Solar power is also on the rise, taking advantage of the country's sunny climate.

Renewable energy developments

Portugal's commitment to renewable energy is evident in its ambitious targets and policies. The country has invested heavily in wind and solar power infrastructure, aiming to reduce its carbon footprint and achieve energy independence. These efforts have been supported by government incentives and a favorable regulatory environment.

As a result, there have been periods where renewable sources have met the majority of the country's electricity demand, showcasing the potential of a sustainable energy model.

EU electricity market integration

As a member of the European Union, Portugal is integrated into the EU electricity market. This integration facilitates the exchange of electricity across borders, enhancing energy security and efficiency. Portugal's renewable energy capacity not only serves its own needs but also contributes to the broader European energy market.

The interconnectivity with Spain, its Iberian neighbor, is particularly significant, allowing for an effective energy trade and balancing system between the two countries.

Challenges and future outlook

Despite its successes, Portugal faces challenges in further expanding its renewable energy capacity. These include balancing energy supply with varying weather conditions and upgrading grid infrastructure to handle the influx of renewable sources.

Looking ahead, Portugal is poised to continue its trajectory towards a renewable-dominated energy landscape. This shift not only contributes to global efforts in combating climate change but also sets a benchmark for sustainable energy practices worldwide.


Energy saving tips

Charge the electric car when electricity is cheapest

The price of electricity can fluctuate a lot during the day and charging an electric car consumes a lot of electricity. With the cost of electricity today in Portugal it is 2.20 € cheaper to charge at the hours with the lowest price.

Switch to energy-saving light bulbs

Lighting is not the thing that uses the most electricity, but it can still be a good investment to switch to energy-efficient and LED lights. These provide up to 10x more light with the same amount of energy.

Questions and answers about electricity

What uses the most electricity at home?

Heating certainly uses the most electricity, closely followed by hot water and charging electric cars. Electrical appliances such as TVs, mobile phones and computers use very little electricity in relation to heating.

More questions and answers


All prices are current open market spot prices in the day-ahead segment without local vat, tax or other additions.

Timezone is Central European Time (CET) with Daylight Saving Time (DST). Current time: Wed, 24 Jul 2024 13:32

Data source is ENTSO-E