Recession-battered Greece will need an entire fifteen-year period to reach record electricity demand figures set in 2008, prior to the prolonged recession’s emergence, IPTO, the power grid operator, has foreacast.
This prediction was included in a ten-year electricity transmission network development plan submitted by the operator to RAE, the Regulatory Authority for Energy, for approval.
The operator noted that electricity demand in Greece is expected to regain the ground lost over the past few years from 2022 onwards.
IPTO factored in its GDP forecasts to estimate Greece’s future electricity demand levels. The operator presumes GDP growth of between 2.2 and 3.1 percent for 2018, 1.8 to 2.8 percent for 2019, 1.4 to 2.4 percent for 2020, 0.8 to 1.8 percent for 2021, and, from then on, annual growth of 0.3 to 1.3 percent until 2027.