About 57% of electricity generated in June was from renewable sources – APREN

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About 57% of the 3,216 GWh (gigawatt hours) of electricity generated in June in mainland Portugal was renewable, according to data released today by the Portuguese Renewable Energy Association (APREN).

“In mainland Portugal, 3,216 GWh of electricity were generated in June 2023, of which 57.2% were of renewable origin”, APREN said in a statement, explaining that the increase of 3.1% compared to the same month of 2022 “is due to the decrease in fossil incorporation by 11.9%, with 1,092 GWh produced, compared to 1,808 GWh in June 2022”.

In the first half of the year, the electricity sector emitted a total of 1.8 million tons of carbon dioxide equivalent (MtCO2eq), while the renewable electricity sector avoided the emission of 4.8 MtCO2eq and the expenditure of 1,004 and 378 million euros on the import of natural gas and electricity, respectively, the association said.

In June, the average hourly price in the Iberian Electricity Market (Mibel) in Portugal was €95.6 per megawatt-hour (MWh), which was 89.7 MWh in the first six months of the year.

According to APREN, from June 15, 2022, when the Iberian natural gas price cap mechanism came into operation, until June 30, it generated savings of €26.49/MWh, which was equivalent to a 14.8% reduction in the average hourly price in Mibel.

Looking at the savings due to the natural gas price cap, corresponding to the difference between the price without the mechanism and the price with the compensation payable to natural gas power plants, it can be seen that during the months of April, May and June, the mechanism did not cause changes in the price of electricity.

In total, 202.6 of the 282.8 terawatt hours (TWh) produced were subject to the consumer adjustment mechanism in the Iberian Peninsula.

APREN data also indicate that the National Electricity System recorded, between January and June, an import balance of 5,116 GWh, with electricity exports of 1,648 GWh and imports of 6,764 GWh.

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