22%
of wind and solar in electricity generation (2019)
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This analysis includes a comprehensive Greece energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
22%
of wind and solar in electricity generation (2019)
34%
share of gas in the power mix, ahead of lignite for the 1st time in 2019
-28%
reduction of primary energy consumption between 2008 and 2019
Abstract
Institutions & Energy Policy
The Ministry of Environment and Energy coordinates the energy policy and controls public companies.
The Regulatory Authority for Energy (RAE) regulates the electricity and natural gas markets according to EU Directives. Another energy law adopted in 2011 further strengthens the RAE.
Energy Companies
Oil:
Helpe (Hellenic Petroleum,35.5% HRADF, 45.5% Paneuropean Oil and Industrial Holdings) is the national oil company. In April 2019, Greece delayed the sale of 50.1% in Helpe (35.5% of HRADF and 14.6% of Paneuropean Oil stakes) as the shortlisted buyers, a consortium led by Glencore Energy and another led by Vitol, failed to submit binding bids before deadline.
Energy Supply
Oil:
Crude oil production is negligible and covers 1% of the country's oil needs. The main suppliers are Iraq (52%), Kazakhstan (14%), and Russia (9%) (2019). Iran used to be a large supplier (34% in 2011) before the EU embargo of 2012. In 2016, Helpe signed an agreement with NIOC to resume crude oil imports from Iran. Greece imported about 28 Mt of crude oil in 2019.
Energy Prices
Gas:
In 2019, the gas price was €5.8c/kWh for households (-2.6% on 2018) and €3.3c/kWh for industry (+9.2% on 2018). Industry and household gas prices surged over 2000-2012 (+9%/year and +13%/year, respectively), before declining until 2016-2017 (-18%/year for industry and -13%/year for households).
Energy Consumption
Total energy consumption per capita is 2.1 toe in 2019 (33% below the EU average of 3.1 toe), including around 4 900 kWh of electricity (12% below the EU average). The significant decrease in consumption since 2008 is a result of the deep economic crisis.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
The coming years should see the application of the policy on the diversification of energy supplies and the penetration of natural gas.
Below is a list of the Greece energy market report graphs:
In the Greece energy market report you will find the following tables:
The Greece energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Greece country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Greece country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Greece country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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