Increased electricity demand in Greece last week led to a rise in electricity imports, up 76 GWh compared to a week earlier, which, in turn, subdued wholesale electricity prices at the Greek energy exchange. Domestic electricity demand last week rose by 5.5 percent to 919 GWh.

The market clearing price dropped over the past week, down to 97.39 euros per MWh, while the market clearing price average for the week was down 8.78 percent compared to the average a week earlier.

Last week’s highest market clearing price was 257.13 euros per MWh and the lowest was 1.34 euros per MWh.

The highest market clearing price average for a day last week was recorded on Wednesday (20/9), reaching 109.69 euros per MWh.

At a wider European level, wholesale electricity prices last week ranged from 68 to 118 euros per MWh, while, yesterday, they ranged from 78 to 129 euros per MWh. Wholesale electricity prices in Greece are currently among the highest in southeast Europe.

Domestic RES output averaged 47 GWh per day last week, capturing 38 percent of the week’s energy mix. Last week’s RES output totaled 329 GWh, a seven-week low.

Hydropower plants covered 9 percent of the country’s overall electricity demand last week, offering 76 GWh to the grid, 5.5 percent less than a week earlier.

Gas-fueled power stations in Greece produced 363 GWh last week, covering 42 percent of electricity demand, while lignite-fired power station production totaled 72 GWh for an 8 percent share of the energy mix.