The price of wholesale electricity in the Greek market rose to 112 euros per MWh in July, up from 91 euros per MWh a month earlier, becoming this year’s first month-to-month increase, latest data from the Greek energy exchange has shown.

The average price for natural gas transactions in July was 29.87 euros, up from 28.78 euros in June.

Last year, in July, 2022, wholesale electricity in Greece was priced at 338 euros per MWh and natural gas was at 132 euros.

Natural gas was responsible for 37 percent of electricity generation last month, followed by renewables, which captured a 29 percent share, electricity imports, at 18 percent, hydropower, at 7 percent, and lignite, at 6 percent.

As for electricity usage, 58 percent of electricity generated went to the low-voltage category, 19 percent to medium voltage, and 11 percent to high voltage.

Finally, the electricity import-export balance was dominated by imports with 95 percent, compared to only 5 percent for exports.