Greece increased net electricity exports in the week to 20 September, while Bulgaria remained the larger regional exporter despite a decline in its own export surplus.
Greek net exports rose from 91.93 GWh to 126.87 GWh. Electricity demand fell 9.32% to 1,019.36 GWh, and gas-fired generation declined 12.46%. Wind output increased 10.3%, partly offsetting a 9.2% fall in solar generation.
Bulgaria’s net export balance stood at 247.47 GWh, down 9.90% from the previous week. Its hydropower output fell 28.51% to 37.61 GWh, while total thermal generation was broadly stable. Bulgaria’s weekly day-ahead price dropped 2.93% to €162.07/MWh; Greece averaged €155.42/MWh.
The two markets therefore reached export positions through different changes in demand and generation. Greece exported more as consumption and gas-fired output fell. Bulgaria maintained a much larger surplus, though its reduced hydro contribution coincided with a smaller export balance.
For cross-border traders, the next question is whether those export volumes persist as autumn demand changes. One week establishes the direction of flows, but hourly generation and border capacity will determine where the power can be sold.
By Virtu.Energy
