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Portugal - MIBEL Market

Portugal - MIBEL Market

Science-based forecasts for a sustainable energy transition

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On July 1, 2007, the Portuguese electricity system was integrated with the Spanish system, creating the MIBEL electricity market. There is a high degree of convergence between the prices in both zones. Since 2014, every year electricity prices in Spain and Portugal have coincided in more than 90% of the hours.

In Portugal, renewable energy exceeds 75% of all electricity generation capacity installed in the country. In 2023:

  • The first technology was hydroelectric energy, which accounted for 33% of all capacity.
  • It was followed by wind energy, with 24% of the country’s installed capacity.
  • Solar photovoltaic energy, which has registered significant growth in recent years, accounted for 16% of installed capacity.

According to the National Energy and Climate Plan 2021-2030 (NECP 2030):

  • Progress will continue in the development of solar photovoltaic and wind energy with the aim of reaching 20.4 GW and 12.4 GW, respectively, by 2030, in both cases taking into account the capacity to produce green hydrogen.
  • It is intended that 90% of the electricity produced in 2030 will be from renewable sources.
  • The installed capacity of electrolysers at the end of this decade is expected to reach 5.5 GW.
  • For energy storage, the target is to reach 1 GW of batteries and 3.9 GW of pumped storage by 2030.

AleaSoft provides multiple services to help agents operating in the Portuguese market to achieve these objectives.

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Observatorio del mercado MIBEL - España

Datos actualizados: 21/04/2025

26 years of supporting decision making in energy markets

AleaSoft services for the Portuguese market

Long-term price curve forecasting
Calculation of revenue from batteries and storage systems
Mid-term price forecasting
Short-term price forecasting
Alea Energy DataBase
Strategic consultancy
Alea Renewables PPA Marketplace
Alea Renewables Marketplace of renewable assets and projects

Contact our strategy team

Alejandro Delgado Fornaguera Associate Partner, CTO
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Oriol Saltó i Bauzà Associate Partner
Ana Caballero Pijeira Associate Partner
Request information for the Portuguese market
Portuguese energy market observatories
Visit the Portuguese market observatory to analyse the evolution of the main variables
Portuguese energy market observatories
Visit the Portuguese market observatory to analyse the evolution of the main variables

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