Greece: Electricity export and import decreased in 2017

, SEE Energy News

According to the data provided by Greek electricity market operator LAGIE, electricity imports fell by some 40 % in October 2017, compared to the previous months, and by 26 % compared to the same month last year.

On the other hand electricity export rose by 12.7 % in October compared to the previous month, mostly due to high prices of electricity in the neighboring markets, but nonetheless the amount of exported electricity in October 2017 dropped by 30 % compared to October 2016. However, Greek cross-border trade was greatly impacted by technical problems concerning the country’s interconnection with Italy, which was out of operation for much of October.

Greece’s System Marginal Price (SMP), representing the wholesale price, was approximately the same in October as it was in September, but it rose by 11.7 euros/MWh this October compared to a year earlier.

State-controlled Public Power Corporation (PPC), imported huge amounts of electricity in October, namely 147,578 MWh, making it the month’s biggest importer. On the other hand, GEN-I was October’s biggest exporter, delivering an amount of 108,358 MWh.