Greece becomes net exporter of electricity

Greece has shifted from being a net importer to a net exporter of electricity, now regularly supplying up to a third of its daily production to neighbouring countries. 

Greek electricity exports reached 2 GW out of a total production of 6 GW, with countries such as Albania, North Macedonia, Bulgaria, Turkey, and Italy receiving significant amounts. 

This shift is attributed to tight conditions in the Southeast European electricity system, exacerbated by Ukraine’s energy crisis, drought impacts on hydroelectric dams, and fluctuating renewable energy production.

To protect consumers from rising wholesale prices, which reached EUR 110–173 per MWh in December 2024, Greece has introduced subsidies for households and plans similar measures for businesses. 

The government has committed to maintaining support through a taxation system for power producers, with EUR 20 million allocated to household subsidies in December. 

Additionally, Greece, Romania, and Bulgaria are working with the European Commission to implement a market mechanism to reduce regional wholesale prices by the second half of 2025.