New Zealand electricity market

Power rate below 100 euros/MWh for the first time since summer 2021

Wholesale electricity prices have fallen below 100 euros per megawatt-hour in Greece for the first time in nearly 18 months.

The electricity rate for Wednesday has been set at €86.77/MWh in the Greek Energy Exchange, falling below the €100 barrier for the first time since August 2021.

Electricity prices for SMEs capped

After capping electricity and gas prices for the benefit of households, protected consumers and public institutions, the government has now imposed a price cap on electricity supplied to micro, small and medium-sized companies.

Under a regulation adopted by the government on 30 December, the cap will be in force for six months starting from 1 January.

Trading exchange to help reform Greek power market

Greece plans to launch a power trading exchange next year to reform its electricity market in line with European plans for an interconnected energy grid which will help cut costs and improve energy security, it said on Tuesday.

Greece's wholesale electricity market is currently based on a mandatory pool system.

'Zero sales' lead to power cut

There has been no disruption in the production of electricity. On the contrary, there has been excess electricity production. It is so high that selling electricity has become very cheap; producing and selling electricity actually results in a loss for companies. The best way to avoid losses is ?zero sales.?