In 2023, Spain led European countries in gross electricity production from fuel oil, despite a minor decline of 2.6%. France saw a modest increase of 1.27%, while Greece decreased by 1.19%. Cyprus and Poland displayed slight growth, contrasting with Slovakia and Austria, which faced sharper declines. Notably, Portugal and Ukraine experienced the most significant reductions, at -25.32% and -26.79%, respectively. Conversely, Ireland and Macedonia exhibited significant growth, at 15.54% and 14.37%. The UK observed a substantial drop of 52.4%, highlighting a broader decline trend among several countries.
Future trends to watch include technological advancements and policy changes encouraging the shift toward renewable energy sources. This shift might further reduce fuel oil’s share in electricity production across Europe. Close attention should be given to how these changes affect countries with traditionally higher fuel oil dependance, such as Spain and France, in the context of energy sustainability and security discussions.
Top countries in Gross Electricity Production from Fuel Oil Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 30.8 | 2023 | +3.18% | -2.6% | View data |
| 2 | 2 France | 15.36 | 2023 | +3.13% | +1.27% | View data |
| 3 | 3 Greece | 14.45 | 2023 | +1.1% | -1.19% | View data |
| 4 | 4 Cyprus | 13.16 | 2023 | +6.61% | +0.34% | View data |
| 5 | 5 Poland | 6.21 | 2023 | +0.7% | +1.01% | View data |
| 6 | 6 Germany | 4.41 | 2023 | +1.47% | +0.74% | View data |
| 7 | 7 Slovakia | 1.47 | 2023 | +0.82% | -3.07% | View data |
| 8 | 8 Austria | 1.33 | 2023 | -9.53% | -2.57% | View data |
| 9 | 9 Portugal | 0.92 | 2023 | -43.93% | -25.32% | View data |
| 10 | 10 Ireland | 0.81 | 2023 | -18.16% | +15.54% | View data |
