In pre -crisis levels the prices retail and wholesale electricityafter the major increases in previous years due to the international energy crisis, with the contribution of RES.
The evolution occurred despite the fact that the price of gas and carbon dioxide (CO2) emission rights today is significantly higher than in the first half of 2021.
Also of interest is the comparison with other EU countries, which shows that Greece has been steadily under the European average retail prices in recent years. Average, Greece is 16th among the 27 and since January 2024 it is often at an even lower position.
As sources in the energy market point out, prices will continue to fluctuate depending on the time of the day and the season, which directly affect the supply and demand and the situation in neighboring markets connected to Greek. But the overall picture is that prices have been significantly reduced compared to the high energy crisis and – since further penetration of RES, the strengthening of energy storage and networks infrastructure and there are no international turmoil – there are conditions to maintain the same general trend in the coming years.
In particular:
-The retail prices also gradually return to pre -crisis levels following the fluctuations and seasonality of wholesale prices. For example, the invoice that has the most customers today in the country, PPC Green C1, is currently at € 0.129/kWh, while the pre -crisis price was 0.11 €/kWh. At the highest point of the crisis, it had reached up to € 7.9/kWh, a price that did not reach the final consumers due to the support measures implemented by the government and the restraint of providers. In particular, PPC absorbed much of the increases through discounts, totaling € 2.4 billion. So consumers did not experience the complete impact of too high wholesale prices during the crisis.
-The wholesale prices for the energy stock market also range from levels respectively to the first half of 2021 (between 70-100 euros/MWh) despite the fact that the price of gas and carbon dioxide is higher than the first semester of 2021. Accurate lignite production burdened with CO2 emission rights. It is estimated that every 1TWH RES added to the system has led to a wholesale price reduction by approximately EUR 2.2/MWh (at normal gas values). Since 2019, RES production has increased by about 14 TWH which has led to a reduction in Tea by about 31 Euro/MWh for 2025.
It is recalled that during the energy crisis, prices were raised, reaching historically high, with wholesale exceeding 400 euros/MWh in the summer of 2022.