Greek businesses adopt energy self-production amid rising costs

Greek businesses are increasingly turning to energy self-production to mitigate rising operational costs driven by volatility in natural gas, electricity, and fuel prices. As a specific example, the food and bakery company Terklenis SA is installing a 98.4 kWp photovoltaic system. This investment is being implemented by MEGVA Energy using Huawei Digital Power technology to meet the high energy demands of its production units and laboratories.

Broadly, the market faces a difficult cycle where rising energy costs lead to price increases, which in turn meet reduced consumer purchasing power. Experts from the Institute of Energy Studies South-Eastern Europe have noted that the current energy environment is complex, with pressures stemming from geopolitical instability affecting both oil and natural gas markets. While the expansion of LNG procurement has provided alternative supply sources for Europe, the high cost remains a significant burden for households and industrial sectors. Consequently, industrial associations are calling for the immediate activation of European CISAF/METSAF tools to support energy-intensive industries and linking such support to green transition investments.