Electricity prices in Greece 2024
In 2024, the average wholesale day-ahead electricity price in Greece was € 0.1016 /kWh (▼15% vs 2023). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2024
| Month | €/MWh | €/kWh | MW |
|---|---|---|---|
| January 2024 | € 92.95 | € 0.0930 | 5,890 |
| February 2024 | € 73.95 | € 0.0739 | 5,589 |
| March 2024 | € 68.61 | € 0.0686 | 5,027 |
| April 2024 | € 61.90 | € 0.0619 | 4,736 |
| May 2024 | € 82.82 | € 0.0828 | 4,767 |
| June 2024 | € 99.95 | € 0.1000 | 6,737 |
| July 2024 | € 135.73 | € 0.1357 | 7,759 |
| August 2024 | € 130.80 | € 0.1308 | 6,943 |
| September 2024 | € 114.18 | € 0.1142 | 5,705 |
| October 2024 | € 91.53 | € 0.0915 | 5,056 |
| November 2024 | € 137.60 | € 0.1376 | 5,484 |
| December 2024 | € 129.70 | € 0.1297 | 5,721 |
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.