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Portuguese consumers barely noticed energy crisis thanks to renewables: official
Director of energy department tells WindEurope panel that 'renewables are solution for future crises'
Renewable generation supplied 61% of the electricity consumption in Portugal in 2023, according to grid operator REN, led by wind and hydropower. “During the past crisis from the Ukraine war when prices of gas went through the roof, we saw electricity prices rising in Portugal for families [by only] 1% to 3%,” Jeronimo Meira da Cunha, general director of the energy and geology department (DGEG), a unit of Portugal’s environment ministry, said at a panel during the WindEurope conference in Bilbao last week. Even those efforts weren’t enough to avoid a recession in Europe’s largest economy, while Portugal saw its GDP expand more than 2% in 2023.
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