Electricity prices in Greece 2023
In 2023, the average wholesale day-ahead electricity price in Greece was € 0.1198 /kWh (▼57% vs 2022). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2023
| Month | €/MWh | €/kWh | MW |
|---|---|---|---|
| January 2023 | € 193.51 | € 0.1935 | 5,504 |
| February 2023 | € 156.73 | € 0.1567 | 5,843 |
| March 2023 | € 124.01 | € 0.1240 | 5,106 |
| April 2023 | € 120.90 | € 0.1209 | 4,689 |
| May 2023 | € 106.77 | € 0.1068 | 4,686 |
| June 2023 | € 91.94 | € 0.0919 | 5,125 |
| July 2023 | € 113.18 | € 0.1132 | 7,228 |
| August 2023 | € 109.70 | € 0.1097 | 6,490 |
| September 2023 | € 102.22 | € 0.1022 | 5,241 |
| October 2023 | € 111.39 | € 0.1114 | 4,802 |
| November 2023 | € 105.22 | € 0.1052 | 5,003 |
| December 2023 | € 102.21 | € 0.1022 | 5,475 |
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.