Target model wholesale prices up as uplift charges at €8.55/MWh

Uplift charges rose to reach a total of 8.55 euros per MWh during the first week of the model, significantly pushing up wholesale electricity price levels.

One of three uplift charges, applied to share costs of national grid losses, reached 1.39 euros per MWh in the first week of the target model, the Greek electricity market’s most significant reform, enabling market coupling with equivalent European markets.

The second uplift charge, applied to share capacity balancing costs, reached 2.02 euros per MWh.

A third uplift charge, for additional balancing costs, reached 5.14 euros per MWh.