Greece has entered 2026 with a remarkably strong export position in the electricity market, rapidly building cross-border sales in the first weeks of the year. According to data from regulator RAAEY, net electricity exports in January reached 1,257 GWh—almost half of the country’s total net exports recorded during all of 2025.
This result positioned Greece among the top electricity exporters in the EU for the month. Only France, Sweden and the Netherlands posted higher net export volumes, while Greece moved ahead of Germany, which registered a notably smaller surplus over the same period.
Since early January, the Greek power system has consistently maintained export flows around the clock, a trend that has continued into February. The persistence of these flows points to structural market factors rather than a temporary spike.
A key driver behind this dynamic is the availability of substantial generation capacity offering electricity into the day-ahead market at prices that secure dispatch. This approach has helped keep Greek wholesale prices below those in several neighboring markets, improving the competitiveness of Greek electricity across interconnections.
Weather conditions have further reinforced the trend. Strong winter rainfall significantly increased hydropower production, replenishing reservoirs and enabling hydropower plants to operate at elevated levels, thereby supporting Greece’s sustained export surplus.
