Electricity prices in Portugal 2025
In 2025, the average wholesale day-ahead electricity price in Portugal was € 0.0681 /kWh (▲5% vs 2024). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2025
| Month | €/MWh | €/kWh | MW |
|---|---|---|---|
| January 2025 | € 97.17 | € 0.0972 | 6,664 |
| February 2025 | € 108.85 | € 0.1088 | 6,561 |
| March 2025 | € 54.47 | € 0.0545 | 6,217 |
| April 2025 | € 27.47 | € 0.0275 | 5,617 |
| May 2025 | € 26.98 | € 0.0270 | 5,447 |
| June 2025 | € 76.20 | € 0.0762 | 5,669 |
| July 2025 | € 72.45 | € 0.0724 | 6,024 |
| August 2025 | € 70.63 | € 0.0706 | 5,710 |
| September 2025 | € 63.76 | € 0.0638 | 5,757 |
| October 2025 | € 78.84 | € 0.0788 | 5,858 |
| November 2025 | € 61.55 | € 0.0616 | 6,286 |
| December 2025 | € 78.64 | € 0.0786 | 6,648 |
Portugal generates one of the highest renewable shares in the EU: in 2024 wind, solar, hydro and biomass together delivered over 70% of national electricity. REN, the national TSO, operates the PT bidding zone within the MIBEL Iberian market, electrically coupled to Spain via 3.7 GW of cross-border capacity. The country was the first in the EU to retire all coal — Sines and Pego closed in November 2021 — making the system gas + renewables only.
Hydro accounted for 26% of generation in a wet 2024, but Portugal's reservoirs vary widely with rainfall (15–35% range). Solar capacity surpassed 5 GW in 2025, driven by large utility-scale projects in the Alentejo plains; the country plans a 9 GW solar auction by 2030.
The 1 100 MW Tâmega pumped-storage complex commissioned 2022–2024 is among Europe's largest, providing critical flexibility for the high-renewables grid. Day-ahead clearing on OMIE.