Greece’s wholesale electricity price registered Europe’s second-biggest annual increase in the second quarter of 2022, compared to the equivalent period a year earlier, soaring 238 percent, a new report published by the European Commission has shown.
France topped the list with a 254-percent increase over the same period, while Italy was ranked third-highest, its wholesale electricity price rising 234 percent between the second quarters of 2021 and 2022.
Greece’s 238-percent increase resulted in the country having the third-highest wholesale electricity price in the EU in the second quarter this year, at 237 euros per MWh, behind Malta, at 252 euros per MWh, and Italy, at 249 euros per MWh.
Elsewhere in the EU, Bulgaria’s wholesale electricity price in the second quarter this year was 199.9 euros per MWh, France registered 226.3 euros per MWh, and Germany was at 187.1 euros per MWh, the report showed.
As for industrial energy prices, without taxes, Greece topped the list in the second quarter. Electricity prices for mid-size industrial consumers rose by 194 percent in Greece between the second quarters of 2021 and 2022, to 34.5 cents per KWh, the highest in the EU.
In the household category, Greece’s electricity prices, including taxes and fees, were ranked 10th in the EU, at 30.46 euros per KW/h, above the EU average of 28.62 euros per KW/h, following the second-biggest annual increase, 81 percent, exceeded only by Estonia.
Subsidies were not taken into account for this report. During the energy crisis, Greece has so far offered the highest amount of subsidies as a percentage of GDP.