Cheaper Energy Summer for Greek Consumers Due to Trump’s Trade War

The global economy has taken a significant hit from Trump’s tariffs, with stock markets experiencing a real crash on Friday (4/4/2025) and again on Monday (7/4/2025), reminiscent of the crises in 2008 and 2020. Similarly, the energy sector faced substantial impacts. American oil dropped below the critical level of $60 per barrel, while European gas plummeted below €34/MWh before slightly recovering. Since natural gas significantly influences electricity prices in Greece, this development is expected to benefit end consumers in the coming months. It should be noted that Greece now has two distinct price periods: winter and summer. Winter peak prices can reach up to €200, while spring and autumn see significant reductions, sometimes even below €100. Initially, estimates suggested we wouldn’t repeat last year’s mini-energy crisis but could still expect prices around €150 or higher. However, with gas prices falling so drastically (along with carbon costs), the production costs of conventional units are significantly reduced. While it’s still early for final predictions, Greek consumers can hope for a more relaxed summer after several years. Additionally, citizens will likely see lower fuel prices at the pump as crude oil’s decline translates into cheaper fuel soon. The exact pricing dynamics remain to be seen, especially ahead of Easter when many will be hitting the road.