Electricity prices in Greece
What a household in Greece pays for electricity, where the power comes from, and how the country differs from its neighbours.
Greece trades its electricity on the Hellenic Energy Exchange in Athens, which is coupled with Italy and Bulgaria, and for much of the day natural gas still decides the price. Yet sun and wind together now produce roughly as much as gas does, so Greek prices swing hard between cheap, sunny middays and expensive evenings. Summer heat and tourism add a demand peak that northern Europe hardly knows.
Many Aegean islands are not connected to the mainland grid and still run on oil, and every Greek household helps to pay for that. This page shows no hourly prices; it explains how the market works, what the bill contains and how Greece compares with its neighbours, with Eurostat's official household prices in the chart below.
The exchange's hourly prices in Greece may not be freely republished, so this page does not show them. The household prices here are Eurostat's official figures, updated every six months.
Where does the electricity in Greece come from?
Gross electricity generation in 2024 by energy source. Source: Eurostat (nrg_bal_peh).
Household price since 2023
Average price per kWh, all-in, for a household using 2,500–5,000 kWh a year. Source: Eurostat (nrg_pc_204).
A household in Greece using 2,500–5,000 kWh a year paid 24.0 c/kWh on average, all-in, in H1 2026, 4% more than a year before (Eurostat).
Eurostat's figure for each half-year, with taxes, levies, network costs and VAT. Updated twice a year.
How the electricity price works in Greece
An exchange in Athens, coupled to Europe
The day-ahead market for the interconnected mainland grid is run by the Hellenic Energy Exchange (HEnEx) and has been coupled with the European market since 2020, first with Italy and then with Bulgaria. Greece is a single bidding zone. Households buy from retail suppliers, of which the partly state-owned PPC is still the largest; since 2024 every offer has had to carry a colour that shows how its price behaves. The regulator RAAEY oversees the market and network charges, IPTO operates the transmission grid and HEDNO the distribution network.
Regulated charges, municipal fees and reduced VAT
A Greek bill separates the supply charge, set by the supplier, from the regulated charges: transmission, distribution and a public service obligation charge (ΥΚΩ) that mainly covers power on the islands without a grid connection. Then come an excise tax on electricity and, unusually, municipal fees and a local property tax, calculated on the floor area of the home rather than on consumption. Electricity carries a reduced VAT rate. Vulnerable households can get the social residential tariff (KOT), with lower charges.
Gas rules the evening, the sun rules noon
Gas-fired plants are the marginal producer in most hours, so the price of imported gas, which arrives as LNG and by pipeline, feeds straight into Greek power prices. Around noon, especially in spring, solar output can exceed what the grid and interconnectors absorb, and the operator has to curtail it. After sunset the price climbs again. In summer the meltemi winds help, but heat waves and visitors raise demand, and the whole of south-eastern Europe can see high evening prices at the same time. During the 2022 crisis the state subsidised household bills on a large scale.
From lignite to sun and wind
For decades lignite from Western Macedonia was the backbone of Greek power. Most of those units have closed, and the government aims to end lignite generation before the decade is out. Gas is now the largest single source, while wind farms on ridges and islands and a fast-growing fleet of solar parks together rival it. Hydro from the northern rivers adds flexibility in wet years. Oil lives on in the islands without a grid connection; Crete has been linked to the mainland in stages since 2021, and several Cycladic islands have been connected as well.
Between the Balkans, Italy and Cyprus
To the north, Bulgaria relies on nuclear power and coal and shares the same coupled day-ahead market, so prices on both sides of the border often move together. Across the Ionian Sea a subsea cable links Greece to Italy, another country that leans heavily on gas. To the south-east, Cyprus has no grid connection at all and burns oil; a cable via Crete has long been planned, but the project has met repeated delays.
Greece compared with its neighbours
In 2024, gas made 37%, wind made 21% and solar made 20% of the electricity generated in Greece. Wind, solar, hydro, nuclear and bioenergy together made 47% of generation in Greece.
Gross electricity generation in 2024 by energy source. Source: Eurostat (nrg_bal_peh). Pumped hydro is left out.
Voltly does not cover Greece yet
Voltly shows hourly prices in Denmark, Norway, Sweden, Germany, France, Netherlands and Belgium.
Voltly is for Denmark, Norway, Sweden, Germany, France, the Netherlands and Belgium.
Questions about the electricity price in Greece
- What does an ordinary household in Greece pay for electricity?
- A household in Greece using 2,500–5,000 kWh a year paid 24.0 c/kWh per kWh on average, all-in, in H1 2026, according to Eurostat. The price varies with the network company and the contract.
- How much of the electricity in Greece comes from gas?
- 37% of the electricity generated in Greece came from gas in 2024 (Eurostat), the largest single source.
- How does the power mix in Greece compare with the neighbours?
- In 2024: Greece: gas 37%, wind 21%; Bulgaria: nuclear 41%, coal, lignite and peat 23%; Italy: gas 44%, hydro 19%; Cyprus: oil 76%, solar 19%.
- Why does this page show no hourly prices for Greece?
- Greek day-ahead prices are published by the Hellenic Energy Exchange (HEnEx), and its terms do not allow them to be republished on a page like this. The page therefore shows Eurostat's official household prices, which include network charges and taxes and are updated twice a year.
- What do the colours on Greek electricity offers mean?
- Since 2024 suppliers have had to label each household offer with a colour. Blue means a fixed price for the contract period, green a price announced in advance each month, and yellow a dynamic price that follows the wholesale market. The colours make offers easier to compare; the regulated charges and taxes on top are the same whatever the colour.
- Why do mainland households pay for electricity on the islands?
- Many Aegean islands are not connected to the national grid and make their own power, mostly from oil and at a far higher cost. So that islanders do not pay more than everyone else, the extra cost is shared by all consumers through the public service obligation charge (ΥΚΩ) on every bill. Each new cable to an island reduces it.