Spark Plasma Sintering (SPS) is a technology used for fast consolidation of metallic, ceramic, and composite powders. The upscaling of this technology requires a reduction in energy consumption and homogenization of temperature in compacts. The application of Carbon Fiber-Reinforced Carbon (CFRC) insulating plates between the sintering setup and the electrodes is frequently considered as a measure to attain these goals. However, the efficiency of such a practice remains largely unexplored so far. In the present paper, the impact of CFRC plates on required power, total sintering energy, and temperature distribution was investigated by experiments and by Finite Element Modeling (FEM). The study was performed at a temperature of 1000 °C with a graphite dummy mimicking an SPS setup. A rather moderate influence of CFRC plates on power and energy demand was found. Furthermore, the cooling stage becomes considerably longer. However, the application of CFRC plates leads to a significant reduction in the axial temperature gradient. The comparative analysis of experimental and modeling results showed the good capability of the FEM method for prediction of temperature distribution and required electric current. However, a discrepancy between measured and calculated voltage and power was found. This issue must be further investigated, considering the influence of AC harmonics in the DC field.