Spanish households save €10 a month thanks to renewables expansion, report finds
Summary
A report shows that Spanish households save about €10 each month on electricity bills due to more wind and solar energy being used over the past five years. This growth in renewable energy has helped Spain avoid big price rises linked to gas, especially after Russia’s invasion of Ukraine and recent gas supply issues.Key Facts
- Spanish households save around €10 monthly on electricity thanks to wind and solar power expansion.
- Without these renewables, energy bills would be roughly 19% higher due to gas prices.
- Spain’s use of fossil gas for electricity dropped from influencing prices 52% of the time in 2021 to just 9% in early 2026.
- In Italy, where gas heavily influences electricity, gas affects prices 75% of the time.
- Wind and solar produced 33% of Spain’s electricity in 2021 and are expected to reach 42% by 2025.
- Spain’s early and strong push for renewables benefits from good solar and wind resources and existing hydropower storage.
- The report used data from government-regulated tariffs covering about one-third of Spanish households.
- Experts say Spain still needs more energy storage and system flexibility to fully benefit from renewables and reduce reliance on gas.
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