Greece: Gas demand and exports surge in first half of 2025 amid rising LNG imports Read More »
In the first half of 2025, domestic natural gas consumption in Greece rose by more than 12%, reaching 34.59 terawatt-hours (TWh), up from 30.78 TWh during the same period in 2024. When exports are included, total gas demand jumped nearly 20% to 37.45 TWh, compared to 31.22 TWh a year earlier. Gas exports through the […]
Greece: Offshore wind ambitions stalled as key approvals remain pending Read More »
Greece had aimed to develop 1.9 GW of offshore wind capacity by 2030, but progress has stalled. The key framework for this plan, the National Development Program, is still awaiting formal approval despite the joint ministerial decision being finalized in October 2024. Nearly a year later, no additional steps have been taken. Consequently, auctions for
Greece: Variable electricity prices surge in July as suppliers push fixed-rate plans Read More »
In July, the price of variable-rate electricity rose sharply, reaching levels not seen since state support ended earlier this year. Recent supplier announcements show that the average price for a variable “green” kilowatt-hour has climbed to around 0.18 euros, marking increases ranging from 4% to 15%. This price hike is partly due to fluctuations in
Since its commercial launch at the end of 2022, the Greece-Bulgaria Gas Interconnector (IGB) has transported more than 34.5 million MWh of natural gas, according to an announcement by the pipeline’s operator on June 6. During the summer months, the IGB covers over 60% of Bulgaria’s natural gas supply, while in the winter this drops
The Hellenic Wind Energy Association (ELETAEN) is urging immediate reforms to Greece’s renewable energy strategy, warning that the current overreliance on solar power threatens to destabilize the national electricity grid and hinder the country’s energy transition objectives. ELETAEN leaders have outlined a comprehensive plan aimed at rebalancing the renewable energy mix by prioritizing wind power
Greece plans capacity market to support gas plants amid renewable shift Read More »
The Greek Government is considering the introduction of a capacity market aimed at supporting natural gas-fired power plants. This initiative is part of a broader strategy to maintain the economic viability of these facilities as the country accelerates its shift toward renewable energy sources. As solar and wind increasingly dominate daily electricity production, the need
To meet Crete’s electricity demand during the high-consumption summer season, the Greek Public Power Corporation (PPC) is finalizing the installation of a third turbine unit at the HERON 1 mobile gas-fired power plant. This expansion completes a key energy strategy designed to strengthen the island’s electricity supply. HERON 1, leased for two years from GEK
Greece: Valorem launches first wind farm on former lignite site Read More »
French renewables developer Valorem has completed its first wind energy project in Greece—a 27 MW wind farm on Mount Askio near Kozani. The site, once associated with lignite-based power generation, now hosts six Vestas V150 turbines, each with a capacity of 4.5 MW. Named Anatoliko Askio – Magoula, the wind farm is expected to generate
Greece’s long-delayed shift to smart electricity metering is now making notable progress after several years of delays. The initiative, which initially focused on high-consumption users such as hotels, restaurants, and large homes, is now expanding to include smaller households and medium-usage consumers across the country. Currently, more than 10,000 smart meters are being installed each
The Greek Ministry of Environment and Energy has decided not to introduce an emergency tax on electricity producers, choosing instead to rely fully on the Energy Transition Fund (ETF) to finance subsidies for electricity bills. Originally intended as a temporary financial mechanism, the ETF will now bear the entire responsibility for supporting energy costs. Last
