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Greece Fully Covered Electricity Needs Using Only Renewables Last Friday, IPTO Says

October 10, 2022

ATHENS – Greece managed to cover 100 pct of national demand for electricity using only renewables for a period of five hours last week, for the first time in the history of the Greek electricity grid, the Independent Power Transmission Operator (IPTO) announced on Monday.

According to figures released by IPTO, production from renewables reached a new historic high (3.106 MW), exceeding the system’s net charge capacity, between 11:00 and 16:00 on October 7.

IPTO stressed the need to further develop and reinforce the electricity networks to allow even greater penetration of the energy mix by renewables.

IPTO also highlighted the benefits for consumers from greater use of renewables, pointing out that the price paid to power producers is 94 euros per MWh for wind parks, 190 euros per MWh for lignite power plants and 499 euros per MWh for natural gas plants. The new wind parks participating in the last RAE auction that will go into operation in the coming years will be even cheaper, at 58 euros per MWh.

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