Greek electricity rates soar 189% in 12 months

Greek electricity rates soar 189% in 12 months

Average electricity prices at the Energy Exchange in Greece rose to 134.73 euros per megawatt hour in September from €121.72/MWh in August and €46.6/MWh in September 2020, the Energy Exchange said in a report.

This increase represents a 189% rise in 12 months, a fact attributed mainly to a jump in natural gas prices and CO2 emission rights.

Electricity prices continued rising in October to reach €178.29/MWh on Wednesday (the maximum price was €251.26).

The energy mix in September was led by natural gas units, which covered 46% of demand, followed by renewables (28%), imports (15%), lignite units (8%) and hydroelectric units (3%).

The Energy Exchange said that Public Power Corporation’s market share fell to 62.62% in September, from 64.37% in August, with alternative suppliers raising their market shares, led by Mytilineos (8.08% from 7.67%), Heron (6.79% from 6.4%), Elpedison (6.09% from 5.69%), NRG (4.66% from 4.42%) and Watt+Volt (2.52% from 2.67%).

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.