Electric power

Grid losses and power thefts in 2021 and 2022 have been ascertained by Greek power grid operator DEDDIE to amount to 500 million euros. The bill was sent to providers, which in turn are passing it on to consumers.

Therefore, while wholesale electricity prices are going down, consumers will see no benefit in April nor the next few months.

Special tariffs will come into effect on January 1 for consumers who use smart meters for electricity consumption, designed by electricity suppliers in compliance with the decisions of the Ministry of Environment and Energy for the new framework that will determine retail electricity as of 2024.

The Ministry of Environment and Energy announced on Tuesday that it will continue to support electricity consumers in August with a total amount of 19 million euros.

Aluminium of Greece has become the first industry to utilize the demand response service in the balancing market, in which electricity is bought and sold in real time to ensure the stability of the electricity system.

After nearly a decade of unsuccessful attempts to increase Slovenia's wind turbine count beyond two, the latest ambitious venture, involving 56 turbines on the Pohorje Plateau meant to supply 110,000 households, has encountered its set of challenges as well.

Reduced tariffs in June (compared to those in May) were announced by the majority of electricity suppliers, following the decline in prices on the Energy Exchange.

Copelouzos Group, through its subsidiary companies Damco Energy and Elica Mediterranean Interconnection, and Infinity Power, a joint venture between Masdar (Abu Dhabi Future Energy Company) and Egypt's Infinity, have signed a memorandum of understanding in order to access, on a non-exclusive basis, the possibility of jointly developing renewable energy projects that will provide the GREGY power

A comprehensive national charging system is fundamental to Türkiye's successful transition to electric vehicles (EVs) by 2030, the World Bank has said in a report.

Electricity suppliers announced on Friday lower bills for May, with prices very close to the target set by the government for final charges to consumers. 

More specifically, Public Power Corporation reported a charge of 15.9 cents per kilowatt-hour for energy consumption up to 500 KWh, down from 16.5 cents in April). 

Greece is emerging as an energy hub for Europe and an important geopolitical actor, while the country is willing to support multiple interconnections to become a leader in energy supply in the region, said Andreas Borgeas, a former California state senator and currently the CEO of the Greece-Africa Power (GAP) Interconnector linking Greece and Egypt.