Improved weather forecast eases energy system pressure

A considerable rise in temperatures forecast for central Europe around the middle of next week comes as welcome news that will ease the pressure on Greece’s energy system. Temperatures in Europe, including Greece, are expected to increase by as much as 10 degrees Celsius.

The country’s energy system experienced heightened pressure over the past few days, cold weather being a major factor. However, contrary to the energy crisis in late December and early January, the energy market proved far more sensitive this time round. Problems encountered were reflected by higher prices.

As a result, the elevated prices helped avoid electricity outflow abroad, instead prompting increased electricity imports to satisfy the heightened demand.

In addition, RES production has risen over the past few days, helping ease the pressure on the system. Wind farms, for example, are expected to contribute roughly 26,200 MWh to the grid today.

An extraordinary LNG shipment is expected to arrive at Greece’s terminal on the islet Revythoussa, just off Athens, on February 3. Its arrival will further de-escalate the pressure, at least for the time being.