Increased electricity demand in Greece last week led to a rise in electricity imports, up 76 GWh compared to a week earlier, which subdued wholesale electricity prices at the energy exchange. Domestic electricity demand last week rose by 5.5% to 919 GWh.
The market clearing price has dropped over the past week, down to 97.4 euros per MWh, while the market clearing price average for the week was down 9% compared to the average a week earlier.
Last week’s highest market clearing price was 257.1 euros per MWh and the lowest was 1.3 euros per MWh.
The highest market clearing price average for a day last week was recorded on Wednesday, reaching 109.7 euros per MWh.
At a European level, wholesale electricity prices last week ranged from 68 to 118 euros per MWh, while on Monday they ranged from 78 to 129 euros per MWh. Wholesale electricity prices in Greece are among the highest in southeast Europe.
RES output averaged 47 GWh per day last week, capturing 38% of the week’s energy mix. Last week’s RES output totaled 329 GWh, a seven-week low.
Hydropower plants covered 9% of the overall electricity demand last week, offering 76 GWh to the grid, 5.5% less than a week earlier.
Gas-fueled power plants in Greece produced 363 GWh last week, covering 42% of electricity demand, while lignite-fired power station production totaled 72 GWh for an 8% share of the energy mix.