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Fossil fuel prices have been in serious crunch zone lately due to the US and Israel war on Iran and oil shipments through the Strait of Hormuz being blocked. That’s been hurting people all around the world, but a recent analysis from Ember shows that people living in Spain have saved €10 a month during this energy crisis thanks to the country’s strong renewable energy adoption in the past five years.
“Gas is typically the most expensive source of electricity, and raises electricity prices in any hour it is used for power,” Ember writes.
“In Spain, the influence of gas on power pricing has fallen to only 9% of hours since the beginning of 2026, down from 52% of hours in 2021. This is thanks mainly to the growth of wind and solar generation, which grew by 37% from 2021 to 2025.”
That’s a huge increase in renewables and decrease in natural gas usage. And right on time for this challenging time.
