Electric power distribution

The Ministry of Environment and Energy is aiming for the abolition of emergency measures in the retail electricity market in September but also for a return to normality from December or even the new year, and not on October 1 as expected. 

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.

Since the beginning of the year, the export of electricity has decreased by nearly 66 percent, and the production of electricity has shrunk by a fifth compared to the same period last year, according to the data of the Electricity System Operator, BNR reports.

Greece is putting forward a plan to overhaul the EU's electricity grids in order to lay the foundations for a massive rollout of renewable power. Athens is arguing that efforts to expand and strengthen Europe's electricity grid need to be stepped up in order to handle the transition to solar and wind, especially with the EU looking to reach climate neutrality by the middle of the century.

Production capacity of renewable energy sources in Greece broke the 10GW barrier in early 2023, Manos Manousakis, chairman and CEO of the Independent Power Transmission Operator IPTO said on Wednesday.

The majority of Greek power providers announced late on Monday significantly lower rates for April, following the easing of prices in the Greek energy exchange and in international markets.

The European Commission is set to propose a revamp of Europe's electricity market rules on Tuesday, aimed at expanding the use of fixed-price power contracts to shield consumers from severe price spikes like those experienced last year.

European Union countries will have to protect vulnerable consumers from being cut off by electricity suppliers if they cannot pay their bills, according to draft EU rules due to be published on Tuesday.

Public Power Corporation (PPC) expects its EBITDA to jump by 30% annually after the acquisition of Enel Romania, since the latter has a leading position in the Romanian electricity market.

The European Union has drafted plans to nudge countries towards using more long-term, fixed-price electricity contracts, as part of a reform of Europe's power market designed to shield consumers from price spikes.