Households and businesses in Greece are reportedly facing significant “jolts” from their coming electricity bills, following a surge in the next-day wholesale prices in the country and throughout Europe.
By some estimates, power bills this season may see hikes of up to 50 percent, touching record high rates of 100 euros per megawatt.
As previously and extensively reported, the increase in natural gas prices in tandem with a hike in prices for carbon emission futures are the main culprits. In terms of the former, natgas prices have caused the price of a megawatt produced from this fossil fuel to skyrocket from 25 euros to 48 euros.
In a bid to paint a more optimistic “face” in the electricity market in Greece, relevant minister Costis Hatzidakis on Tuesday pointed to continuing phase-outs of lignite-fired units as reducing future power rates.
In Greece’s case, heat waves over the past summer also caused a surge in demand.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurobank: Prem Watsa ‘s Fairfax Reducing Stake to 33%
Bank sources: Placement of 2.2% of Greek lender's shares by Watsa aims to meet regulatory condition of minority ownership below 33%
Rare Earth Mineral Exploration in Greece on the Rise
The Ministry of Environment and Energy has pledged to impose strict obligations on the contractor to ensure environmental protection
New 11-Month High for Greece with 35M Tourist Arrivals in 2024
Inbound travelers to Greece boosted tourism-related revenues to 21.27 billion euros in the Jan.-Nov. 2024 period.
ECOFIN Approves Revisions to Greece’s Recovery Plan
Greek Finance Minister Kostis Hatzidakis said the decision will kickstart recovery fund absorption set to reach 64%.
Trends Shifting Among Foreigners Buying Holiday Houses in Greece
The primary reason for the shift in the trend is the saturation of popular destinations and the potential buyers’ desire for more privacy
Greek Public Debt at €370.865bln at End of Q3 2024: ELSTAT
It was slightly down from €371.483bln in Q3 2023, according to the quarterly non-financial accounts of the General Government
WEF Report Says 70% Greek Workers Need Retraining by 2030
The report, entitled “The Future of Jobs 2025”, says that a global shift in the workplace will result in the loss of 92 million jobs
National Bank of Greece Finances First Energy Storage Project in Country
The total financing for the project amounts to €41.9 million
Energy Giant Chevron Expresses Interest in Drilling in Greece
In line with this effort, the Hellenic Hydrocarbon Resources Management and Energy Resources Company (HEREMA) is submitting the Strategic Environmental Impact Study today
UBS ‘Bullish’ on Greek Banks
UBS highlights the positive trends in loans and savings and the financing cost, stressing corporate credit expansion acts as the driving force for the banking sector’s profit margins
![Ηλεκτρικά οχήματα: «Συναγερμός» από την πτώση στις πωλήσεις στην Ευρώπη [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/01/ev-90x90.png)
![Ηλεκτρικά οχήματα: «Συναγερμός» από την πτώση στις πωλήσεις στην Ευρώπη [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/01/ev-600x396.png)
