Category: Energy

Analysis of €2.98B in overdue energy debts, legacy customer risks, stalled out-of-court settlements, and new protections for primary homes.

Evangelos Mytilineos warns of energy risks amid soaring Greek LNG prices; GEK Terna joins MSCI Greece Index amid investment-grade upgrade.

DEI reports strong Q1 2026 results ahead of capital raise; new RES zoning rules restrict wind farms on islands and mountains.

Brent crude holds near $111 and WTI near $100 amid Strait of Hormuz tensions, U.S.-Iran standoff, and UAE’s planned OPEC exit.

HELLENiQ ENERGY replaces Strait of Hormuz crude with alternative grades amid Middle East conflict, citing minimal operational impact but rising costs.

The Trump administration commended Greece’s leadership in the Vertical Corridor and P-TEC energy agreements at the Munich Security Conference.

Minister Papastavrou highlights Greece’s pivotal role in transferring Saudi green energy to Europe via major interconnection projects.

Minister Papastavrou highlights Northern Greece’s strategic role in energy security and regional development through major infrastructure projects.

Chevron and Helleniq Energy sign landmark deal for four offshore hydrocarbon exploration blocks near Crete and the Peloponnese.

While consumers in Greece enjoyed lower electricity prices this spring and summer, solar energy investors are facing a harsh reality. At the heart of the issue are energy production curtailments — a growing problem that is now affecting investor returns and slowing down new investments in renewable energy projects. As renewable energy sources (RES) now…

Electricity consumption on our country’s distribution network increased by approximately 10% in 2024 compared to 2023, reversing the downward trend of previous years. According to data included by DEDDHE in its new development plan, electricity consumption in Low Voltage rose by 11.27% last year, while Medium Voltage consumption increased by 9.01%. The regional breakdown is…

The rising cost of securing Greece’s power grid against electricity theft and extreme weather events like wildfires has led to a significant increase in the five-year development plan (SAD) of the Hellenic Electricity Distribution Network Operator (DEDDE). The plan, which initially had a budget of €2.2 billion for 2022-2026, has now seen its 2026-2030 budget…

A series of contacts are expected to take place between American and Libyan officials in the coming period. The goal is to explore opportunities for expanding bilateral cooperation in the energy sector, particularly in hydrocarbon exploration and production. Initially, Libya’s state oil company NOC, together with the U.S.-based Freedom First, plans to organize the first…

Significant curtailments have been applied in recent days to domestic renewable energy units (RES), as production has significantly increased due to strong winds. For example, over 8.7 gigawatt-hours were cut back on Monday alone, as supply far exceeded demand during midday hours. The surplus could not even find an outlet through exports, forcing grid operators…

Electricity wholesale prices are at seasonally low levels this month, primarily due to high renewable energy production. While the average electricity price in July stood at €100/MWh, during the first nine days of August it has dropped to €73, a decrease of 27%. The highest price during this period was €92 on August 1st, and…

The Independent Power Transmission Operator (ADMIE) predicts that electricity demand in Greece will rise to nearly 10 gigawatts in the coming days due to a new heatwave. This level is slightly higher than the recent peak during the first wave of high temperatures, which reached approximately 9,600 MW, according to official data. Based on ADMIE’s…

The Ministry of Environment and Energy (YPE) has published a decision initiating the tender for hydrocarbon exploration in the maritime areas south of the Peloponnese (‘A2’ and ‘South Peloponnese’) and south of Crete (‘South Crete 1’ and ‘South Crete 2’). This follows the acceptance of interest expressed by Chevron Balkans Exploration B.V. for one maritime…

A significant reduction of 31.8% was recorded in March for the wholesale electricity price in our country. Specifically, data from the Energy Exchange showed that prices fell from €154/MWh in February to €104/MWh. The lowest price last month was €72 on March 16th, and the highest was €138 yesterday (March 31, 2025). Looking ahead, the…

In recent months, the Ministry of Environment and Energy (YPEEN) has rejected two proposals from the industry regarding ways to reduce energy costs. Initially, the ministry declined to provide retroactive subsidies for industries, a measure that was granted to households and small-to-medium enterprises. The industry requested this support but was informed that no state funds…

Last week, supply companies analyzed their side of the critical issue at the Power & Gas Forum. Suppliers emphasized that reducing final electricity charges depends not only on them but also on state entities solving a series of issues. The first is network losses—both technical and power thefts—which have surged from 9.8% in 2020 to…