2021 will be a good year for the biomass sector for thermal uses in Spain. The restoration of economic and commercial activity with the pandemic finally under control, the activation of public funds to boost the green economy and rising electricity and fossil fuel prices will drive the installation of biomass equipment, boilers and stoves.
After the price drop at the beginning of the pandemic, the average price of heating oil has continued to rise to a point where it exceeded €0.82/l in May 2021. The speculative fluctuations in the price of this fossil fuel and its effects on the economies of families and businesses are well known.
In contrast, in the more than 10 years that we have been analysing wood pellet prices in Spain, the price of 2 kilograms of pellets (equivalent in energy terms to a litre of diesel) has remained very stable, at somewhere between €0.45 and €0.50. And when compared to natural gas, the fossil fuel that claims to be clean and tries to position itself as the user-friendly, ecofriendly alternative, our more sophisticated biofuel also comes out on top.