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25
Oct 2026
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Athens 19°C

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Winter energy bills set to soar as wholesale electricity prices jump 57%

Natural gas prices approach €90/MWh, putting further pressure on heating costs, while Greece’s leading electricity supplier has yet to confirm whether its fixed-rate tariff of 11.5 cents/kWh will continue beyond October

Bank of Greece: Inflation persists, with rate forecast to reach 3.5% in 2026

Rising energy costs and service prices intensify inflationary pressures – Greek consumers expect inflation of 6.2% over the next year, compared with 3% in the eurozone

Europe’s €100 billion winter problem: how the energy crisis is pushing up costs for households and businesses

The European Commission foresees no supply shortages, but Energy Commissioner Dan Jørgensen warned of a difficult season, with Brussels weighing measures to curb transport fuel costs as energy poverty threatens to spread across the bloc

Fire investigators examine gas installation after deadly blast in Athens’ Plaka district

Structural checks on damaged neighbouring buildings begin on Monday, while relatives of the six victims, four of them American tourists, have arrived in Greece to give DNA samples so the bodies can be formally identified

Trump plans $5 billion fund to finance reconstruction of war-damaged energy infrastructure in Middle East

According to the Wall Street Journal, the plan envisages investments in energy networks and infrastructure, with the ultimate goal of reducing regional countries’ dependence on the Strait of Hormuz for the transportation of oil and natural gas

Natural Gas: Near 2022 highs on storage and Middle East concerns – At €81 per MWh

European natural gas prices remain elevated as low storage levels, the Middle East crisis and competition for LNG fuel concerns over a difficult winter

Energy domino effect ‘inflates’ winter bills for households and businesses, with new defensive measures looming

From heating oil and transport fuels to natural gas and electricity, the crisis in the Middle East is bringing a new wave of price rises to consumers

Green light for sale of Cypriot natural gas: First exports from “Cronos” expected in 2028

Cyprus is entering the era of natural gas production and exports for the first time, after Eni reached the final investment decision for the development of the “Cronos” gas field in Block 6 of the Cypriot Exclusive Economic Zone (EEZ)

Chevron enters Block 10 in the Kyparissiakos Gulf with a 70% stake & Operator role – Path opens for next phase of exploration

Approvals for the agreement with HELLENiQ ENERGY were completed in record time. Chevron will acquire its fifth offshore concession in Greece’s hydrocarbons sector

Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall

Even if a U.S.–Iran agreement is reached and the Strait of Hormuz reopens immediately, fuel prices are unlikely to return quickly to their early-2026 levels. Markets will need months to be “convinced” that the danger has truly passed. This is the well-known “rockets and feathers” phenomenon

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