Electricity prices and Greece’s position in the EU ranking

Greece is “moving to a higher vigor tier,” starring to little energy prices and a surge successful exports, according to authorities officials.

As noted by authorities sources, the improvements recorded implicit the past six years successful the Greek vigor market—such arsenic the crisp summation successful vigor produced by renewable sources and investments successful grid infrastructure—have contributed some to downward unit connected household energy prices and to Greece’s transformation into a nett exporter of electricity.

This displacement is besides intelligibly reflected successful the wholesale energy market. Although Southern and Eastern Europe payment from less cross-border interconnections compared to Northern Europe, Greece ranked seventh successful wholesale energy prices successful 2026. In contrast, authorities officials noted that successful 2019 Greece had the highest wholesale energy costs successful Europe, which successful turn exerted unit connected retail suppliers and ultimately connected consumers.

Greece’s ranking

Greece’s improved presumption is besides reflected successful its quality to support energy prices adjacent to the European mean adjacent astatine retail level, including successful purchasing powerfulness parity terms, that relationship for differences successful surviving costs crossed EU subordinate states. This has been achieved contempt the broader emergence successful vigor costs pursuing Russia’s penetration of Ukraine and the structural challenges posed by Greece’s insular geography.

Indicatively, the last household energy terms successful Greece successful purchasing powerfulness terms successful the 2nd fractional of 2025—prior to the escalation of tensions successful the Gulf—stood astatine 29.26 euros per 100 kWh, broadly successful enactment with the EU mean of 29.06 euros per 100 kWh. Greece besides ranked up of Spain and Portugal, countries often cited arsenic benchmarks, where prices were astir 0.50 euros and 0.25 euros per kWh higher, respectively. Germany recorded importantly higher prices, much than 5 euros supra Greece astatine 34.6 euros per 100 kWh, while Romania registered the highest outgo successful the EU astatine astir 50 euros per 100 kWh.

In implicit terms, Greece was the 10th cheapest state among the 27 EU subordinate states for household electricity, with retail vigor costs estimated astatine 23.78 euros per 100 kWh, compared with an EU mean of 28.96 euros per 100 kWh—around 22% higher than Greece.

Europe’s 4th largest energy exporter

A cardinal operator of Greece’s improved presumption successful energy pricing has been the important enlargement of solar and wind investments since 2019, pursuing a play of stagnation successful the erstwhile 4 years. Thanks to the accrued publication of renewables, Greece has present go a large nett exporter of electricity.

In 2026, Greece ranks arsenic the 4th largest energy exporter successful Europe, whereas successful 2019 it imported 18% of its energy needs, according to authorities sources.

Between 2015 and 2019, installed photovoltaic capableness successful Greece accrued lone marginally from 2.6 GW to 2.8 GW—an summation of conscionable 0.2 GW oregon 7.7%, according to the International Renewable Energy Agency (IRENA).