28.5%
of wind and solar in electricity generation (2020)
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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 2020 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
28.5%
of wind and solar in electricity generation (2020)
40%
share of gas in the power mix, ahead of lignite since 2019
-35%
reduction of primary consumption between 2008 and 2019 (-11% in 2020)
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
Electricity:
PPC (Public Power Corporation or DEH in Greek) is the largest power producer and is active in electricity transmission and distribution. It is 51% state-owned (34% directly and 17% through HRADF). The privatisation of PPC started in 2001 with a capital increase and a divestment of 16% of the capital and the sale of 17% in 2016 under the third international bailout.
Energy Supply
Oil:
Crude oil production is negligible and covers 1% of the country's oil needs. Greece imported about 27 Mt of crude oil in 2020. The main suppliers are Iraq (36%), Russia (18%), and Kazakhstan (17%) (2020. 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.
Energy Prices
Oil:
Oil product prices were liberalised in 1992 and follow international prices: the prices of gasoline and diesel declined in 2020 (-9% and -14%, respectively) and increased by around 8% in 2021. Gasoline prices, which used to be well below average EU prices, have exceeded the EU average since 2010 (+11% for gasoline).
Energy Consumption
Total energy consumption per capita is 1.8 toe in 2020 (33% below the EU average of 3.1 toe), including around 4 600 kWh of electricity (12% below the EU average). Per capita consumption is still 33% below its peak level in 2008 (-14% for electricity).
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 2020 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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