Sharp 68% increase in electricity prices in Greece
Wholesale electricity prices in Greece saw a significant rise over the last week. According to recent data, the price per megawatt-hour reached 162.70 euros, causing concern among consumers and market experts.
This sharp increase, which reaches 68%, is mainly attributed to the specific weather conditions prevailing in the country. The prolonged heatwave has led to increased use of air conditioners, a fact that is driving energy demand to very high levels.
At the same time, international natural gas prices are putting pressure on the energy market. As natural gas is a primary fuel for electricity generation, fluctuations in its cost directly affect the tariffs formed on the energy exchange.
Relevant authorities are closely monitoring the situation, as the rise in prices may significantly burden household and business bills. The balance between supply and demand remains the central issue for market stability in the coming days.