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Greece energy report

Greece energy report
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Format
4 files (PDF report, 3 Excel files)
Pages
69 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

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1 490 €

Overview

Greece is accelerating its transition to a low-carbon economy, targeting net-zero emissions by 2050 through expanded renewable energy deployment, enhanced grid infrastructure, and a phased elimination of lignite. Ambitious solar and wind projects, alongside strategic gas investments, aim to diversify energy sources while reducing dependency on fossil fuels.

Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.

Highlights

  • Greece aims to cut GHG emissions by 58% in 2030 and to reach net zero emissions by 2050.
  • To overcome its reliance on lignite, Greece is developing renewables, which should cover 81% of its capacity in 2030.
  • PPC dominates the power sector with 34% of power generation. Helpe accounts for 2/3 of the refining capacity. Italgas is the largest gas distributor.
  • Renewables accounted for 46% of the power mix in 2024. Lignite is disappearing from power generation. Greece is fully dependent on imports for its gas and oil supplies.
  • Per capita energy consumption is 31% below the EU average.
  • The share of oil in final energy consumption reached 55% in 2024. Electricity prices surged in 2021 and 2022, despite subsidy mechanisms. In 2024, oil and gas prices decreased again but remain higher than in 2019.
  • Greece plans to phase out lignite-fired power plants by 2028 at the latest.The country is focusing on the development of gas and solar capacity (44 GW of solar under development).
-58%
of GHG emissions by 2030
40%
share of wind and solar in the power mix (2024)
0
lignite-fired capacity end of 2028

  • Energy & Climate Policy Framework

    The Ministry of Environment and Energy (MoEE) coordinates the energy policy and controls public companies. The General Secretariat for Energy and Mineral Resources (MoEE department) is responsible for implementing energy policy in sectors including power, oil, gas, renewables, and energy efficiency.

  • Energy Companies

    Gas:

    In 2019, the national gas company DEPA was split into DEPA Infrastructure for gas distribution to end consumers (sold to Italgas in 2022), DEPA Commercial for gas and LNG imports, wholesale and retail activities (over 350,000 retail customers, 100% HRADF since the acquisition by HRADF of a 35% stake held by Helleniq Energy in December 2024), and DEPA International Projects.

  • Energy Supply & Demand

    Oil:

    All crude oil is imported (28 Mt in 2024). The main suppliers are Iraq (33% in 2024), Kazakhstan (26%), and Libya (15%). Until 2021, Russia was one of the top three exporters to Greece, but imports fell by 76% in 2022 (0 in 2023 and 2024).

  • Energy Use and Price by Sector

    Energy Prices in Residential:

    Since 2021, Greece has implemented various measures to shield households and businesses from soaring wholesale electricity prices. In October 2022, the government updated the payment system to cut consumers' electricity bills by introducing subsidies for households and businesses.

  • Issues & Prospects

    The coming years should see the application of the policy on the diversification of energy supplies and the penetration of natural gas.

  • Graph 1: Final Intensity to GDP
  • Graph 2: Primary Consumption Trends by Energy Source
  • Graph 3: Total Consumption Market Share by Energy (2024)
  • Graph 4: Installed Electric Capacity by Source
  • Graph 5: Installed Electric Capacity by Source (2024)
  • Graph 6: Gross Power Production by Source & Consumption
  • Graph 7: Power Generation by Source (2024)
  • Graph 8: CO2 Intensity of Electricity Generation
  • Graph 9: Crude Oil Production & Consumption
  • Graph 10: Petroleum Products Production & Consumption
  • Graph 11: Gas Production & Consumption
  • Graph 12: Coal Production & Consumption
  • Graph 13: GHG Emissions and CO2-energy Emissions
  • Graph 14: CO2-Emissions per Capita
  • Graph 15: CO2 Intensity to GDP
  • Graph 16: Final Demand Trends by Energy Source
  • Graph 17: Final Consumption by Sector
  • Graph 18: Final Consumption Market Share by Sector (2024)
  • Graph 19: Share of Electricity in Total Final Energy Consumption
  • Graph 20: Final Consumption in Industry by Energy Source
  • Graph 21: Energy Prices in Industry (Taxes Included)
  • Graph 22: Final Consumption in Transport by Energy Source
  • Graph 23: Energy Prices in Transport (Taxes Included)
  • Graph 24: Final Consumption in Residential, Services, Agriculture by Energy Source
  • Graph 25: Energy Prices in Residential (Taxes Included)
  • Graph 26: Upcoming New Capacity by Energy Source
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Greece energy market data since 1990 and up to 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:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Greece Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Greece energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Greece country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.