Lower international prices prompt decline in electricity exports

Latest market data released by LAGIE, the Electricity Market Operator, for January has confirmed a reduced interest, observed recently, for electricity exports through the country’s interconnections.

Electricity exports from Greece to neighboring countries fell considerably in January compared to December as well as January last year, both in terms of daily averages and monthly totals.

The subdued electricity export activity can be attributed to the electricity price drop in international markets.

This explains why local traders seeking export opportunities expressed little interest in the year’s first NOME auction, staged earlier this month.