Deputy Environment and Energy Minister Nikos Tsafos said on Tuesday that in the year’s first quarter Greece was among the largest exporters of electricity in Europe, following France, Sweden, the Netherlands, and Germany.Deputy Environment and Energy Minister Nikos Tsafos said on Tuesday that in the year’s first quarter Greece was among the largest exporters of electricity in Europe, following France, Sweden, the Netherlands, and Germany. That’s in stark contrast to 2019 when the country was one of the largest importers. These exports are primarily attributed to wind power production. During the same period, Greece maintained lower wholesale prices compared to Central and Southeast Europe. Speaking at the Power and Gas Supply Forum, Tsafos added that “at present, we do not observe wholesale electricity prices that would justify raising alarm at the retail level. In natural gas, international prices are currently fluctuating in the range of €45-50 per megawatt-hour, broadly in line with the levels recorded during the winter of 2024-2025 (compared to approximately €250/MWh at the peak of the energy crisis).” He also noted that the reason international natural gas prices have not returned to the levels seen in 2022 is that Asian countries are not competing with the EU for LNG cargo, instead turning to coal to meet their energy needs.
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