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Greece electricity wholesale prices hit 2026 high
Wholesale electricity prices in Greece have surged to a new 2026 high, reaching 211.76 euros per megawatt-hour on Tuesday, September 22. This represents a significant increase compared to August levels and a 177.63% rise compared to the same day last year.
The price volatility is particularly acute during evening hours. As solar energy production decreases, the reliance on natural gas units—which comprise approximately 33% of the energy mix—drives prices up to 340.89 euros per megawatt-hour. Despite renewable energy sources accounting for 47.72% of the production mix, the market remains sensitive to international natural gas price fluctuations.
For the month of September, the average wholesale price has hovered around 160 euros per megawatt-hour, a 20% increase from August. This upward trend is causing concern for households and businesses as they prepare for the winter season. Energy suppliers are expected to announce new retail rates for October in the coming week, which will determine how much of this wholesale cost is passed on to consumers.
Entities
Attica · DEDDIE · Day Ahead Market · EBİKEN · EVIKEN · Energy Exchange · Greece · HEDNO · Hellenic Electricity Distribution Network Operator · Phthiotis · RAAEY
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 11 SOURCES] The wholesale price of electricity for Tuesday, September 22, reached 211.76 euros per megawatt-hour. cretaone.gr · www.energygame.gr · kriti360.gr · rpn.gr · thefaq.gr · +6 more
- [● 2 SOURCES] Approximately 700 energy-intensive industries are facing competitiveness issues due to energy costs. www.gargalianoionline.gr · www.larissanet.gr
- [● 10 SOURCES] The wholesale electricity market has seen an increase of approximately 20% compared to August. kriti360.gr · rpn.gr · thefaq.gr · www.gargalianoionline.gr · www.alfavita.gr · +5 more
- [● 3 SOURCES] Renewable energy sources account for 47.72% of the electricity production mix. thefaq.gr · www.alfavita.gr · www.ieidiseis.gr
- [● 7 SOURCES] Electricity prices spike to 340.89 euros per megawatt-hour during evening hours when solar production decreases. kriti360.gr · rpn.gr · thefaq.gr · www.alfavita.gr · www.ieidiseis.gr · +2 more
- [● 2 SOURCES] The wholesale electricity price for Wednesday is projected to be 153.87 euros per megawatt-hour, a 27% decrease from Tuesday. cretaone.gr · www.proson.gr
- [● 2 SOURCES] Natural gas accounts for approximately 33% of the energy mix. thefaq.gr · www.ieidiseis.gr
- [● 10 SOURCES] The average wholesale electricity price for September to date is approximately 160 euros per megawatt-hour. cretaone.gr · kriti360.gr · rpn.gr · thefaq.gr · www.gargalianoionline.gr · +5 more