Portuguese businesses potentially suffered over 2 billion euros in the power outage.
Power Outage on April 28 Estimates Cost of 2 Billion Euros to National Companies
A survey by the Portuguese Industrial Association (AIP) reveals that the nationwide power blackout on April 28 may have cost businesses up to 2 billion euros. According to AIP's statement, 99% of surveyed companies reported being affected by the power failure.
Among the affected companies, 71% reported missed client commitments, such as delivery and service failures, as a consequence of the power outage. The results indicate weaknesses in the energy plan, with approximately 57% of companies lacking emergency energy systems, such as generators or backup batteries.
Financially, 99% of the affected companies indicated losses, with the industrial sector being the most hit. The loss of national companies is projected to exceed 2 billion euros, according to the AIP's statement.
The majority of companies (67%) believe they should be compensated, with direct compensation and reduced energy tariffs or taxes being the most preferred forms of indemnification. The survey also shows a strong consensus on assigning responsibility, with 93% of companies emphasizing the need for both Portuguese and Spanish governments to determine responsibilities and cover compensations.
The Spanish Electric Grid and REN - National Energy Networks are seen as the main responsible parties for the losses caused by the blackout, according to the survey. Furthermore, 49% of companies are considering filing a formal complaint, while 42% do not plan to do so.
The survey, conducted from May 2 to 6, 2025, surveyed 1,710 commercial societies throughout the national territory. However, up-to-date information from major news sources suggests that there is no detailed information on specific compensation plans examined by AIP for affected companies as of May 2025.
While the aftermath of the blackout has resulted in significant economic consequences for businesses in Spain and Portugal, no formal compensation initiative by the Portuguese Industrial Association (AIP) for affected companies has been publicly announced. The focus continues to be on understanding the causes of the power outage and preventing future incidents.
In light of the power blackout on April 28, the industrial sector experienced significant financial losses that are estimated to exceed 2 billion euros, according to the Portuguese Industrial Association (AIP). The majority of affected companies sought compensation, preferring direct compensation or reduced energy tariffs/taxes as forms of indemnification.
