Wholesale electricity prices drop to 103-week low

The country’s wholesale electricity prices, down to pre-energy crisis levels in recent weeks, have further de-escalated to a 103-week low, an important development given the fact that extraordinary measures adopted to combat the extreme situation are set to expire in October.

According to latest official data, the average market clearing price fell to 85.12 euros per MWh over the past seven days, down 1.24 percent compared to a week earlier. Over the past week, the market clearing price peaked at 149.77 euros per MWh and dropped as low as 5.11 euros per MWh.

In other parts of Europe, last week’s average market clearing price ranged from 76 euros per MWh to 96 euros per MWh.

It is worth pointing out that, despite the local price de-escalation, wholesale electricity prices in Greece remain among the highest in southeast Europe.

A 53 percent share of electricity demand last week concerned low-voltage electricity, reaching roughly 447 GWh, 22 percent concerned the medium-voltage category, totaling 181 GWh, and 16 percent concerned high-voltage demand, which reached approximately 137 GWh.

As for the country’s energy mix last week, the RES sector captured a 44 percent share, followed by natural gas (30%), net imports (15%), major-scale hydropower plants (7%), and lignite (4%).