Electricity imports and exports down over the past year

Electricity imports fell by approximately 40 percent in October compared to the previous month and 26 percent compared to a year earlier, latest data provided by LAGIE, the Electricity Market Operator, has shown.

Electricity exports rose by 12.7 percent in October compared to the previous month, driven by higher prices fetched by traders abroad, but dropped by 30 percent compared to October last year, the data showed.

It should be noted that Greece’s transboundary electricity trade was greatly impacted by technical problems concerning the country’s interconnection with Italy, which was out of order for much of October.

Greece’s System Marginal Price (SMP), representing the wholesale price, was steady from September to October this year, but rose by 11.7 euros per MWh this October compared to a year earlier.

The main power utility PPC, forced to import enormous electricity amounts, imported 147,578 MWh in October, making it the month’s biggest importer. GEN-I was October’s biggest exporter, delivering an amount of 108,358 MWh.