With the year coming to a close, the latest available data on the cost of the wholesale electricity market places Greece at the top of the EU markets.
In particular, the annual average of the Greek wholesale market was established on December 23 at 121.24 euros/MWh, a price that is the most expensive among 16 European markets monitored by the energy price watchdog energywatch.
In second place behind Greece is Poland with 113.34 euros/MWh, followed by Switzerland with 111.25 euros/MWh. The first five are completed by Hungary with 109.23 euros/MWh and Slovakia with 107.27 euros/MWh. Conversely, the five cheapest markets on the list are Spain with 85.69 euros/MWh, Portugal with 86.84 euros/MWh, Germany with 97.43 euros/MWh, the Netherlands with 98.2 euros/MWh and France with 100.41 euro/MWh.
The data of this list also come to highlight the lack of competitiveness that characterizes the Greek electricity market, which results in it being ranked among the most expensive in Europe (the list does not include Italy, which is more expensive than our country).
As is known, the responsibility for this negative image of the Greek market lies with the production mix and the significant dependence on natural gas, combined with the expensive way in which fuel is priced in the Greek market with the month ahead model. Also in the Greek market there is a moderate penetration of green energy which may in the future limit the costs of the domestic market.
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