Greece increased net electricity exports by 52.83% to 208.38 GWh in the week to 1 November, according to IENE’s weekly comparison. It remained the lowest-priced of the seven major regional power markets tracked, despite a rise in its average day-ahead price.
The weekly average reached €255.04/MWh, up €25.62/MWh. That was €32.22/MWh below Romania’s price and €6.72/MWh below Italy’s.
Wind generation rose by 193.9%, almost tripling, while solar output fell by 42.2%. Combined wind and solar production increased by 7.2%. Hydropower output declined by 3.80%, while gas-fired generation rose by 13.40%, helping total thermal output increase by 10.38%. Electricity demand grew by 1.64%.
Stronger wind and gas-fired generation, alongside higher exports, marked a change in Greece’s regional supply role during the week. Lower prices and higher exports do not guarantee that neighboring buyers can access Greek electricity at Greece’s clearing price: available interconnector capacity and hourly price formation also affect supply. Traders use the price discount to assess whether electricity from the south can ease higher-priced markets to the north and west.
