Latest news and stories about energy prices in infrastructure in Portugal for expats and residents.
Brent crude oil prices climbed 5% to exceed $113 per barrel following retaliatory infrastructure strikes between Israel and Iran, raising concerns over global energy security and the Strait of Hormuz.
Economist Luís Aguiar-Conraria analyzes the potential economic fallout of the Middle East conflict, emphasizing that global recession risks depend heavily on policy responses and the stability of oil transport routes.
![If there is an impediment to oil transport [in the strait], it is almost as if 20% of global reserves disappeared](/_next/image?url=https%3A%2F%2Fimg.iol.pt%2Fimage%2Fid%2F69b73b3ed34edcee7c61e93d%2F200.jpg&w=3840&q=75)
The company guarantees it remains “very attentive” to the impacts of the conflict. Furthermore, the co-chief executive explains that the situation varies depending on whether it concerns crude oil or refined products, as Galp has a “very limited” exposure to the Middle East regarding crude oil.
The sector faces various challenges, including rising energy costs driven by geopolitical tensions and the conflict in the Middle East.
Portugal will be represented at the virtual meeting by the Minister of Infrastructure, Miguel Pinto Luz.
Gas prices have soared by 85% and oil by 51% in a matter of weeks. The European Commission has responded with a plan containing over fifty measures that can be implemented by Member States.
The final decision on the prices that will be in effect for one year (between October 2026 and September 2027) will be announced on June 1st, following the opinion of the Tariff Council.
The Energy Services Regulatory Authority (ERSE) has proposed a 6.3% rise in natural gas prices for the upcoming period.
The Energy Services Regulatory Authority (ERSE) has proposed an average increase of 6.3% in natural gas tariffs for the upcoming gas year, which will be in effect from October 1, 2026, to September 30, 2027.
The proposal now moves to the Tariff Council for analysis.
The regulator's proposal will now be analysed by the Tariff Council before the final approval of the tariffs that will come into effect in October.
ERSE – The Energy Services Regulatory Authority released its proposal for natural gas tariffs and prices to take effect from October this Tuesday. The proposal anticipates a 6.3% increase in prices applied to customers in the regulated market. In the regulated market, sales prices for domestic consumers are expected to rise by 6.3% compared to...
Price analysis shows many offers with lower prices than the regulated tariff.
After four sessions of declines, the price of natural gas has risen again.
On Monday, natural gas had already closed the session down 4.34%, after Donald Trump announced a five-day delay to attacks against energy targets in Iran.
'ECO Clima Intelligence' is ECO's new weekly briefing, part of the Capital Verde brand and published every Sunday, designed to cross-reference weather forecasts with economic data to help companies and decision-makers navigate the week ahead. It is an article written by ECO AI, an 'Editorial Agent' supported by Artificial Intelligence tools, subject to...
The price increase occurred after Israel's attack on the South Pars natural gas field in the Persian Gulf.
The CEO of EDP states that families have no reason to worry about their electricity bills, despite the instability caused by the war in the Middle East. In an interview with RTP this Wednesday (March 18), Miguel Stilwell d’Andrade reassured consumers, stating that there is no expectation of any impact on electricity costs in the Iberian Peninsula. He highlighted Portugal's competitive generation and production capacity, noting that current electricity costs are 20% lower than the European average. Furthermore, he mentioned that the energy regulator (ERSE) forecasts potential price reductions in the coming years. Regarding the recent Storm Kristin, he estimated that infrastructure repairs will cost approximately 80 million euros.
Renewable sources produced 79% of the electricity generated in mainland Portugal during January and February, according to the Portuguese Renewable Energy Association (Apren) on Wednesday, the 18th, positioning the country as the third in Europe with the highest renewable integration. In its February bulletin, Apren indicates that between February 1st and 28th, 77.3% of electricity produced came from renewable sources, corresponding to 4,000 GWh out of a total of 5,175 GWh. Only Norway (96.2%) and Denmark (90.7%) recorded higher percentages during the period. Hydroelectric power was the main generation source in February, accounting for 37.2% of the total, followed by wind energy at 31.3% and solar photovoltaic at 5.2%. Compared to February 2025, national electricity production grew by 20.1%, driven mainly by a 716 GWh increase in wind production. In the market, the average price of the Iberian Electricity Market (Mibel) stood at 5.1 euros/MWh in February and 42.4 euros/MWh for the January-February period, a 58.5% drop compared to the same period last year. Apren also highlights the economic impact associated with higher renewable penetration: in February alone, the country avoided estimated costs of 48.8 million euros in natural gas imports, 101 million in electricity imports, and 44 million in CO2 emission permit purchases. By the end of the first month of the year, renewables accounted for about 81% of the installed capacity in Portugal.
The CEO of REN warns that the rise in fuel prices is expected to impact the gas and electricity bills of families and businesses. Following the Constitutional Court's rejection of the Prime Minister's appeal against the Transparency Entity, five ministers must now submit their client lists to that body.
The article discusses the imminent increase in natural gas prices in Portugal, highlighting that the rise is certain (“sem dúvida”) and will impact the industry more immediately. It emphasizes that the energy sector, particularly industrial consumers, will experience the most significant and rapid price hikes, which could influence broader economic factors and energy costs in the country.
The president of the association of electric mobility operators and suppliers admitted a possible increase in electric vehicle charging costs, noting that the new regime did not protect operators' investments in the market. “The decree-law does not protect the investments made by those who have been in the market until now and that cannot be put ...”
Prices of Dutch natural gas contracts, which serve as the European benchmark, rose by around 8% on Friday, reaching their highest levels since June. Reuters reports the rise is driven by forecasts of colder weather for the remainder of the month, which have heightened concerns about storage levels...
The Portuguese electricity system exceeded 10 gigawatts (GW) for the first time.
The new year will bring new prices, many of which will be price rises.
The electricity distribution company proposed to ERSE an update of prices for various services in 2026, some with increases of 40%, but the regulatory body set a limit of 10%. ERSE's tariff council warns that this limit 'perpetuates and worsens distortions'.
