As 2026 unfolds, Greece has established itself as a formidable player in the European electricity market, showcasing a significant increase in cross-border electricity exports. Data from the regulatory authority RAAEY indicates that net electricity exports for January reached an impressive 1,257 GWh, which accounts for nearly half of the total net exports recorded throughout 2025.
This robust performance has positioned Greece among the leading electricity exporters in the European Union for January. Only France, Sweden, and the Netherlands surpassed Greece in net export volumes, while Germany fell behind with a notably smaller surplus during the same timeframe.
The Greek power system has demonstrated remarkable consistency in maintaining export flows since early January, a trend that appears to persist into February. This sustained performance suggests underlying structural market factors rather than a mere temporary surge in activity.
A crucial element driving this export growth is Greece’s substantial generation capacity, which allows for competitive pricing in the day-ahead market. This pricing strategy has enabled Greek wholesale electricity prices to remain lower than those of several neighboring markets, enhancing the attractiveness of Greek electricity across interconnections.
Additionally, favorable weather conditions have played a pivotal role in bolstering exports. Increased winter rainfall has led to heightened hydropower production, effectively replenishing reservoirs and allowing hydropower plants to operate at optimal levels. This surge in hydropower generation has been instrumental in supporting Greece’s ongoing export surplus.
