
On June 21, a major power outage swept across Albania, Montenegro, Bosnia, and parts of Croatia, triggered by a blackout in the Western Balkans. The interconnected electricity grids of these nations struggled under soaring demand, necessitating intervention from Greece’s Regulatory Authority for Energy (RAE) to restore stability.
The climate crisis is aggravating these vulnerabilities, subjecting power grids to sudden floods that topple transmission towers, droughts that deplete reservoirs, and increased cooling demand during heatwaves.
“The entire power system was built and designed in one climatic era and is now being asked to operate in a different climatic era,” remarks Michael Webber, an energy professor at the University of Texas at Austin, to Bloomberg.
Felicia Aminoff, an analyst at BNEF, notes, “As temperatures and access to air conditioning increase, the grid is expected to be under more strain. We have already seen a rise in peak demand during summer in some European countries, such as Greece, as well as in the Middle East.”
Climate change impacts energy distribution in several ways. Excessive heat boosts cooling demand while diminishing the efficiency of solar panels, thus restricting supply. High temperatures can cause power lines to sag and transformers to overheat, leading to equipment failures and heightened fire risks.
In Greece, both IPTO and HEDNO, responsible for the low and medium voltage distribution network, are fully prepared to tackle any potential issues in the country’s electricity system.
Operators assure the readiness of personnel and mechanisms to respond to potential failures. Greece maintains an adequate electricity supply, with power plants functioning normally to meet the increased demand due to the heat wave.
The islands are also secured, with extra units (generators and gas turbine units) installed where necessary for the summer period.
Amid these prolonged high temperatures in Greece, a high electricity demand is anticipated. On July 15, IPTO data indicates the peak load will exceed 10,000 MW during midday hours. On July 18 and 19, peak loads are projected to reach record levels above 10,600 MW.
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Prices in neighboring markets connected to the Greek system are also elevated, causing a chain reaction of increases.
Source: tovima.com


Latest News

German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.

Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.

Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.

Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.

FM Gerapetritis Calls for Unified EU Response to Global Crises at EU Council
"Europe is navigating through unprecedented crises — wars, humanitarian disasters, climate emergencies," he stated.

Holy Week Store Hours in Greece
Retail stores across Greece are now operating on extended holiday hours for Holy Week, following their Sunday opening on April 13. The move aims to accommodate consumers ahead of Easter, but merchants remain cautious amid sluggish market activity.

Green Getaway Ideas for Easter 2025 in Greece
Celebrate Easter 2025 in Greece the sustainable way with eco-farms, car-free islands, and family-friendly getaways rooted in nature and tradition.

Civil Protection Minister Details Summer Firefighting Plans at Delphi Forum
At the 10th Delphi Economic Forum, Minister of Climate Crisis and Civil Protection Yiannis Kefalogiannis discussed Greece's plans for the upcoming fire season.

How Shops and Markets Will Operate During Easter Holy Week
The Easter holiday schedule has been in effect since April 10, with retail stores open Palm Sunday, and most supermarkets also operating to meet consumer demand for Easter shopping

Why Is the French Aircraft Carrier Charles De Gaulle in Piraeus?
Docking in Piraeus after a four-month deployment in the Indo-Pacific region, the admiral of the aircraft carrier the Charles de Gaulle says, "Greece is our best partner in the Mediterranean."