Greece

Greece: Offshore wind ambitions stalled as key approvals remain pending Read More »

Greece: Offshore wind ambitions stalled as key approvals remain pending

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 »

Greece: Variable electricity prices surge in July as suppliers push fixed-rate plans

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

Region: Greece-Bulgaria gas interconnector transports over 34.5 million MWh since commercial launch Read More »

Region: Greece-Bulgaria gas interconnector transports over 34.5 million MWh since commercial launch

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

Greece: Hellenic Wind Energy Association calls for urgent reforms to balance renewable energy mix Read More »

Greece: Hellenic Wind Energy Association calls for urgent reforms to balance renewable energy mix

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 »

Greece plans capacity market to support gas plants amid renewable shift

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

Greece: PPC adds third turbine to HERON 1 mobile plant to secure Crete’s summer power supply Read More »

Greece: PPC adds third turbine to HERON 1 mobile plant to secure Crete’s summer power supply

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 accelerates smart meter rollout with 1.1 million installed and nationwide completion target set for 2030 Read More »

Greece accelerates smart meter rollout with 1.1 million installed and nationwide completion target set for 2030

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

Greece: Ministry opts against emergency tax on electricity producers, relies on Energy Transition Fund Read More »

Greece: Ministry opts against emergency tax on electricity producers, relies on Energy Transition Fund

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

Greece falls behind in offshore wind development despite early promise Read More »

Greece falls behind in offshore wind development despite early promise

Three years after Greece passed legislation to kickstart offshore wind farm development, progress remains minimal, leaving the country increasingly lagging behind other European nations in this fast-growing sector. Greece was initially recognized for its exceptional offshore wind potential, especially in the Mediterranean region. However, no tangible steps have been taken to harness this advantage. Early

Scroll to Top