Greece has registered Europe’s lowest day-ahead market price today, helped by greater RES contributions that have lowered the wholesale electricity price by 57.44 euros per MWh in a day, to 197.24 euros per MWh.

Elsewhere in Europe, wholesale price levels for today are upwards of 250 euros per MWh, while in some countries, the level greatly exceeds 300 euros per MWh, headed by France, where the wholesale price is 329.27 euros per MWh.

Renewable energy units represent 31.13 percent of the energy mix in Greece today, offering a total capacity of 61.5 GWh, just below the level of natural gas, the top contributor, with a 35.62 percent share of the energy mix, or 70.4 GWh.

The country’s hydropower generation is also significantly up today, capturing a 16.5 percent share of the energy mix, or 32.6 GWh, well over usual recent levels of less than 10 percent, as a result of heavy rainfall over the past few days that filled hydropower reservoirs.

The price gap between Greece and other European markets has prompted an increase in electricity exports today to a level of 31.2 GWh. Imports were restricted to 3.2 percent of the energy mix, or 6.3 GWh.