Electricity prices in Greece 2022
In 2022, the average wholesale day-ahead electricity price in Greece was € 0.2798 /kWh. Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2022
| Month | €/MWh | €/kWh | MW |
|---|---|---|---|
| January 2022 | € 227.10 | € 0.2271 | 6,481 |
| February 2022 | € 211.84 | € 0.2118 | 6,141 |
| March 2022 | € 274.80 | € 0.2748 | 6,211 |
| April 2022 | € 246.83 | € 0.2468 | 4,974 |
| May 2022 | € 225.22 | € 0.2252 | 5,043 |
| June 2022 | € 240.62 | € 0.2406 | 5,874 |
| July 2022 | € 339.41 | € 0.3394 | 6,617 |
| August 2022 | € 436.80 | € 0.4368 | 6,129 |
| September 2022 | € 416.52 | € 0.4165 | 5,230 |
| October 2022 | € 231.46 | € 0.2315 | 4,705 |
| November 2022 | € 228.85 | € 0.2289 | 4,940 |
| December 2022 | € 278.35 | € 0.2784 | 5,408 |
Greece transformed its electricity mix in under a decade: lignite, which covered 50% of generation as recently as 2018, dropped below 10% by 2024 as the public utility PPC retired its Ptolemais and Megalopolis units. Gas now covers around 35% of supply, with renewables — solar 18%, wind 17%, hydro 8% — together exceeding 45%. IPTO/ADMIE, the independent TSO, runs the GR bidding zone and operates HENEX day-ahead markets.
The Aegean islands — historically diesel-powered — are being progressively interconnected to the mainland via subsea cables; the 1 GW Crete–Attica link came online in 2024. Greece is a structural importer in winter and exporter in summer when solar peaks.
Plans for the 1 200 MW Greece-Egypt subsea cable (GREGY) and the 2 000 MW EuroAfrica Interconnector via Cyprus and Israel would reposition the country as a Mediterranean energy hub by the early 2030s.