Greece almost tops EU’s electricity market

Posted by Christian J. Hadjipateras 03/05/2018 2 Comment(s) Economia Blog,

The wholesale electricity market in Greece is Europe’s second most expensive, according to a report by the European Commission’s Directorate General for Energy, according to the Kathimerini.

 

The wholesale market determines the price at which power suppliers acquire electricity for their retail customers and its main parameters are the fuel mix, demand, availability of production units and Interconnections with the grids of other markets.

 

In October-December 2017 the average wholesale rate in the Greek market amounted to €61 per megawatt/hour, just below Italy’s €62 and almost twice Denmark’s and Sweden’s €31.

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