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 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
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 since 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
Gas:
Depa,the national gas company, is controlled by the State through HRADF (65%) and Helpe (35%). The company was recently split into DEPA Infrastructure for gas distribution to end consumers and DEPA Commercial for wholesale and retail activities (over 350,000 retail customers).
Energy Supply
Gas:
The country's gas production is negligible. Natural gas imports started in 1996 and increased very rapidly between 2001 and 2008 (11%/year); they then fluctuated until reaching a peak of 4.8 bcm in 2011. They subsequently decreased until 2014 due to the economic crisis and then increased to reach 5.9 bcm in 2020 (twice the 2014 level), of which 43% as LNG.
Energy Prices
Gas:
In 2021, the gas price was €4.9c/kWh for households (-9%/year since 2019) and €2.5c/kWh for industry (-12%/year since 2019). 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 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 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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