In a world increasingly aware of the importance of energy efficiency, Spain is at the center of a renewed commitment to achieve ambitious goals in this area.
Last Saturday, March 23, the Ministry for Ecological Transition and the Demographic Challenge (MITERD) made public an important step towards energy efficiency in Spain.
Through the Order TED 268/24establishing energy saving obligations, compliance through Energy Saving Certificates (CAEs) and the minimum contribution to the National Energy Efficiency Fund (FNEE) for the year 2024, the new steps to achieve the country’s energy targets have been outlined.
This order, which comes into force with the aim of promoting energy efficiency at the national level, establishes a series of significant provisions that reinforce the common framework for the promotion of energy efficiency within the European Union.
Objectives and legal framework
New energy efficiency measures in Spain
The legal framework is based on Directive (EU) 2023/1791 of the European Parliament, which imposes on each Member State a specific amount of cumulative final energy savings for the period 2021-2030.
In this regard, Spain has committed to achieve cumulative savings of 53,593 ktoe, 44% higher than the previous target. To achieve these targets, Spain has implemented a National System of Energy Efficiency Obligations (SNOEE).
This system assigns annual savings quotas to gas and electricity marketing companies, as well as to operators of petroleum products and wholesale liquefied petroleum gases, known as SNOEE obligated parties.
Key measures
One of the central measures adopted is the possibility of meeting savings obligations through two main channels:
- Contribution to the National Energy Efficiency Fund (FNEE).
- Settlement of Energy Saving Certificates (CAE).
The recently issued order establishes the energy savings target for 2024, as well as the financial equivalence and savings obligations for each obligated entity.
In addition, an indicative projection of the savings obligations for the years 2025 and 2026 is provided, together with the minimum contribution percentages to the FNEE.
These measures not only seek to comply with European energy efficiency commitments, but also aim to promote the adoption of more sustainable and responsible energy use practices in Spain.
These actions are expected to boost investment in more efficient technologies and practices, as well as job creation in the renewable energy and energy efficiency sector.
Driving Energy Efficiency in the Real Estate Industry
MITERD’s recent measures to strengthen energy efficiency in Spain have a significant impact on the real estate industry.
Properties that meet higher energy efficiency standards are expected to be more highly valued in the market, as they reflect lower energy consumption and lower long-term operating costs.
This could motivate developers and owners to invest in more sustainable technologies and practices in building construction and management.
In addition, these measures could influence property demand as consumers become more aware of the importance of energy efficiency and look for options that reduce their environmental footprint.
In short, the drive towards energy efficiency is transforming the Spanish real estate market into a more sustainable and future-oriented one.
Spain leads the way towards a sustainable future
In a world where sustainability and energy efficiency are increasingly urgent issues, Spain is taking concrete steps to lead the way towards a greener and more sustainable future.
By implementing key measures and setting ambitious targets, the country is positioning itself as a key player in the fight against climate change and the transition to a more sustainable and efficient energy system.
