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> Greece

Greek consumers now pay cheaper electricity than French, Italian and Spanish consumers

Greece from the most expensive wholesale energy market in Europe in 2019, to 9th place in 2025, the ministry says, citing Eurostat data and the Household Energy Price Index

Newsroom September 3 09:22

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Energy policy is turning into one of the most “hot” fronts of confrontation between the government and the opposition, on the occasion of the official data presented by the Ministry of Environment and Energy (MEAE) on Greece’s position on the energy map.

According to the government, the country has recorded dazzling progress in recent years: retail electricity prices for households remain lower than the European average, despite the unprecedented energy crisis that has hit the entire continent. As the Ministry of Environment and Energy points out, data from Eurostat and the Household Energy Price Index (HEPI) show that Greek consumers are paying cheaper electricity than in countries such as France, Italy, Portugal, Romania and Spain.

Meanwhile, Greece went from the most expensive wholesale energy market in Europe in 2019 to 9th in 2025, with August prices hovering at pre-crisis levels. The Ministry of Renewable Energy attributes this decline to a significant increase in production from Renewable Energy Sources (RES), whose installed capacity more than doubled compared to 2019. The country now ranks 7th globally in RES penetration, and is a net exporter of electricity for the first time since 2000.

Particular emphasis is also placed on investments in networks and interconnections, which now reach €1.5 billion per year compared to €400 million in 2019. Projects such as the electricity interconnection between Crete and Attica have already been completed, while the Dodecanese and North Aegean connections are progressing, aiming to further reduce energy costs for households.

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PASOK, however, accused the government of instrumentalising fragmentary data to create impressions. In its statement, it refers to a “black book” that blurs the truth about energy costs, pointing out that the everyday life of households and businesses proves otherwise.

The response of the Ministry of Environment was immediate, stressing that the opposition is silencing crucial data: the decalcification of prices, the country’s export potential and the take-off of renewable energy sources, which strengthen energy independence and support Europe’s strategy of decoupling from Russian gas.

“We publish the graphs that show the country’s true position and let citizens judge which Greece we are delivering,” the ministry said.

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