Renewables growth cut Spain's electricity bills by 24.2% over the past two years
Spain and Portugal are 53% less exposed to gas price volatility than they were three years ago, according to a new report from Positive Money.
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From pv magazine Spain The report Towards Cheaper Electricity, produced by Positive Money, examines how the energy transition is reshaping electricity prices across Europe, with a particular focus on the role of renewable energy in reducing dependence on gas and limiting exposure to volatile energy markets. According to the study, the European Union remains heavily reliant on imported fossil fuels, leaving it vulnerable to price shocks and geopolitical instability. Recent crises, including the fallout from the war in Ukraine and tensions in the Middle East, have exposed this weakness, driving sharp increases in gas and electricity prices while also fueling inflation and undermining industrial competitiveness.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at pv magazine International.
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