Energy-poverty (EP) must be considered an energy-related issue since buildings are a central part of people’s daily lives. Thus, it has an important role in energy-related policy implementation. Even though the European Union (EU) has endorsed general energy efficiency through the Energy Efficiency Directive and Energy Performance of Buildings Directive recast, it was the Clean Energy Package for all Europeans that clearly highlighted EP. The growing concerns with EP have also been emphasised in subsequent directives and initiatives. Despite some regulatory framework and the milder climate situation, the proportion of the population experiencing thermal discomfort in southern and eastern European countries, namely in the winter season, is relatively high, reflecting the poor thermal performance of building stock, low family incomes and high energy prices, among others. The current work analysed the EP evolution in Portugal in the EU context, and the Thermal Building Regulations and Energy Efficiency Policies developed, aiming to add insight into the effectiveness of those policies concerning EP mitigation in Portugal as an EU Member state. Moreover, a critical debate on the potential to lower the EP Portuguese situation was also an objective to pursue. It is plausible to admit that reducing EP by acting on residential building stock, namely through the increase of energy efficiency and comfort, plays a key role in improving the living conditions, namely of vulnerable households and deprived areas. This will also decrease energy consumption and dependence while further promoting a smarter, sustainable and inclusive society, contributing to economic growth.