A report by the British consultancy Ember estimates that renewables shielded Spain from the gas crisis, saving households an average of €10 per month while Europe faced its second gas price crisis in five years.
From pv magazine Spain
The rapid expansion of photovoltaic and wind power in Spain in recent years is proving to be more than a decarbonization tool. Amid surging international gas prices driven by geopolitical tensions involving the United States, Israel and Iran, the Spanish power system has shown increased resilience to fossil-fuel volatility.
According to an analysis by British consultancy Ember, the rising share of renewable generation has significantly reduced the influence of gas on electricity price formation, enabling Spanish households to save an estimated €10 ($11.5) per month on electricity bills.
The study concludes that Spain has largely decoupled electricity prices from gas market fluctuations, driven by a renewable expansion that began before the 2021–2024 energy crisis and was later accelerated through additional wind and solar capacity, as well as energy storage deployment.
