2024, record year for EU power sector – wholesale electricity prices decreased by 16%
Power demand didn’t pick up since the crisis primarily due to low industrial consumption, according to Eurelectric
Day-ahead electricity price in Greece slumps to near zero at night for first time
In Greece's day-ahead electricity market, the price tumbled to almost zero for the first time for a nighttime hourly segment
Greece to change its power market model to reduce prices
The Greek government intends to facilitate a decrease in wholesale power prices with a new market model
Renewable energy curtailments already surpassed 2023 levels in Greece
An unusually hot spring has weakened electricity demand and prices in Greece, while also increasing curtailments
ACER: Explosion of negative electricity prices in EU in 2023
Although the rapid expansion of renewables played a part, other factors specific to 2023 might have influenced the increase, ACER said
Greek renewables price cap creates problems for PPA contracts
The low price cap set by the Greek government for renewables creates an issue for PPA contracts, which must be resolved soon