Energy costs news in Portugal

Floene warns that “excessive limitation” of investment could weigh on electricity and gas costs

Before charging your electric vehicle, do your homework. This is why kWh are so much more expensive on the street and where the money goes

Is buying electricity at market price cheaper? Beware, 'life' can make you 'spend triple'

Oil prices rise 3% after Trump criticises Tehran's response

Drop in demand and higher energy costs curb Navigator's profits again

Navigator's net profit fell 44.8% to 65.4 million euros in the first nine months of the year, according to a statement sent by the company to the Portuguese Securities Market Commission (CMVM). “These results reflected an extremely demanding macroeconomic and market context, coupled with a significant increase in energy costs (electricity and...”

Electricity sector tariff debt expected to fall to 552 million euros in 2027

The electricity sector's tariff debt is expected to fall by 529 million euros in 2027 to 552 million euros, the lowest level since 2010 and about half of what was projected for 2026, according to ERSE.

Gas and electricity intensive companies ask for help. Government “is analysing” support proposals

The Confederation of Portuguese Business (CIP) warns of a “loss of competitiveness” for Portuguese companies that use gas and electricity intensively, in the current context of rising and volatile energy prices. In a letter sent to the Government, the entity proposes reactivating some of the measures applied during the last energy crisis.

"At the limit, we will have days of shutdown". Industries "do the math" on energy costs

Rising energy prices are becoming one of the major concerns for European industry, such as the paper and glass sectors. Some companies in Portugal are seeing gas and electricity costs double or triple. Fearing the effects, they are trying to avoid passing these costs on to final prices, but admit the possibility of slowing down production.

Government authorises state spending of 230 million on electricity, fuel and gas

The Portuguese government has set a maximum expenditure limit of 229.9 million euros (excluding VAT) for public energy procurement for the coming year. Managed by the ESPAP to ensure competitive pricing, the budget covers electricity (151.9 million euros), road fuels (45 million euros), and natural gas (33 million euros) across hundreds of public entities. The initiative, led by Prime Minister Luís Montenegro, aims to save 46 million euros through centralised procurement, with costs funded by each entity's existing budget.

9am. MotoGP. Marco Bezzecchi wins Indonesian GP

The second to cross the finish line was the Spaniard Raul Fernandez. In this newspaper, also highlighting the reactions to the Houthi attack in Saudi Arabia. And also the increase in energy costs.

PS requests urgent hearing with 16 sectors regarding energy costs

There are 16 entities the PS wants to hear in Parliament to understand the impacts of the energy crisis and assess the adequacy of mitigation measures that affect different sectors in different ways.

8h Energy cost. PS requests urgent hearing of 16 entities

The PS wants to hear from, for example, the CIP, ANTRAM, or AHRESP. Also in this newspaper, the Houthi attack on Riyadh Airport and Barack Obama's speech at a leadership forum in Lisbon.

PS requests urgent hearing for 16 entities from sectors affected by rising energy costs

The PS has requested an urgent parliamentary hearing for 16 entities representing economic and social sectors affected by rising energy costs to diagnose the various realities and impacts and identify potential measures. In the request sent to the parliamentary committee for Environment and Energy, which the Lusa agency accessed...

Government: centralised energy purchases save 46 million

Electricity, natural gas, and road fuels will be acquired collectively by hundreds of public entities, with a maximum expenditure volume of under 230 million euros.

Carneiro warns that without measures for energy costs, companies may have to close

The PS leader appeals for the Government to be “sensitive” to costs for companies and asks parties to approve the socialists' proposals to combat the rising cost of living.

Producers affected by energy costs to receive 40 million in support

The Ministry of Agriculture has launched a 40 million euro package to support producers affected by fertiliser and energy prices due to the war in the Middle East, it was announced this Wednesday. The Ministry of Agriculture and Sea has prepared a new support package to compensate producers pressured by fertiliser prices.

Portugal has natural gas reserves, but because the market is unified, we will have to pay more due to some countries being at 50% capacity

The statement highlights that despite domestic reserves, Portugal is subject to European market dynamics where supply shortages in other nations drive up overall costs.

Portugal has natural gas reserves, but because the market is unified, we will have to pay more due to some countries being at 50% capacity

The statement highlights that despite domestic reserves, Portugal is subject to European market dynamics where supply shortages in other nations drive up overall costs.

TVI17 Sept

Oil prices start the week with a sharp rise

The price increase is due to the closure of a strategic pipeline in Saudi Arabia and new attacks in the Strait of Hormuz.

Stock market analysis: Oil dominates markets once again

The rise in oil prices dominated the markets this week as Brent crude surpassed 100 dollars per barrel due to escalating tensions between the US and Iran. Rising energy costs have reignited inflation concerns, leading to higher sovereign bond yields and pressure on risk assets. In the US, a 6 billion dollar Treasury buyback failed to ease market anxiety. Meanwhile, the ECB raised its deposit rate by 25 basis points to 2.50% to combat inflation. Markets are now awaiting the US consumer price index report, which may influence the Federal Reserve's upcoming policy decision.

Energy concerns 80% of Portuguese people: costs lead families to cut other expenses

To reduce energy bills, 68% of Europeans say they have adopted at least one measure in the last year and 53% claim to have resorted to various strategies

Energy costs worry 80% of Portuguese people

In addition to concerns about energy spending, 77% express apprehension regarding the amount spent on petrol or diesel, one of the highest percentages among the countries studied and above the European average.

Energy costs worry 80% of Portuguese people and lead to spending cuts

A significant majority of the population in Portugal is concerned about rising energy prices, resulting in reduced household expenditure.

dnoticias.pt10 Sept

Energy costs worry 80% of Portuguese people and lead to cuts in food and healthcare

Eight out of 10 Portuguese people are concerned about energy prices and 77% fear fuel costs, a concern that leads more than a third of Europeans to forgo important expenses to afford energy and transport. Energy poverty emerges as one of the main dimensions of economic precariousness in the 20th edition of...

Oil on track for biggest weekly gain since July

Oil is heading this Friday to close its week of highest accumulated appreciation since July, following the new exchange of attacks between the US and Iran. Brent benchmark futures, which serve as a reference for national imports, show a marginal rise of 0.02% this Friday morning, to 95.52 dollars...

Does Portugal have, when adjusted for purchasing power, 'some of the most expensive electricity in Europe'? True

Eurostat data indicates that Portugal has the 11th highest electricity price among 34 European countries when adjusted for purchasing power, corroborating the statement made by Ventura at the Chega party's rentrée.

Brent rises 1.5% and exceeds 92 dollars per barrel

Brent crude for October delivery rose 1.5% today to over 92 dollars (about 79 euros) per barrel, on the same day that Iran warned Gulf countries against any assistance to the US.

Montenegro admits that state entry into REN could lower electricity costs

Prime Minister explained the objective of the operation

Montenegro says state re-entry into REN could help lower electricity costs

The Prime Minister stated that all elements regarding the state's re-entry into REN's capital will be made available for the country's scrutiny.