Concern grows over rising electricity rates

Demand for operational, mature RES facilities has accrued significantly not lone successful Greece but besides successful the broader European market; that is led by lipid groups, large concern funds and strong vigor conglomerates that tin support debased returns successful the abbreviated term.

Wholesale energy prices were connected an upward trajectory for the third consecutive period successful October, causing alarm among households and businesses successful view of the accrued request expected successful the winter. 

The mean clearing terms connected the wholesale marketplace – which is besides the main variable for determining the floating, greenish and yellow, tariffs – was acceptable successful October astatine 112.36 euros/megawatt-hour, up by 21.11% compared to the mean terms successful September (€92.77/MWh). 

The accrued information of earthy state successful the energy procreation substance mix, successful substitution for the diminution successful the information of renewable vigor sources – chiefly wind powerfulness owed to apnea – is the main origin down the upward rally successful prices successful the wholesale market. 

Friday was indicative of the value that earthy state continues to person successful determining prices successful a marketplace with precocious RES penetration. 

RES accumulation owed to constricted sunshine and wind fell to 29.3% and earthy state units had to work much hours to conscionable demand, covering 52.3%. 

The mean terms of a megawatt-hour changeable up to €137.55, signaling a leap of 25.18% successful 1 day, with the maximum 24-hour terms during highest hours reaching €305.72.