According to data from the Hellenic Energy Exchange (HEnEx), Greece remained a net electricity exporter for the fifth straight month in February 2025, continuing a trend that began in October 2024. During this period, Greece consistently exported more electricity than it imported from Italy, Albania, Bulgaria and North Macedonia, with Turkey being the only exception.
In October 2024, electricity exports accounted for 53.6% of Greece’s cross-border flows, surpassing imports at 45.4%. The trend strengthened in the following months, with exports making up 86.7% of cross-border transactions in November, 68.3% in December, and 69.2% in January. While official data for February is yet to be released, exports are expected to retain the majority share.
This shift marks a historic milestone, as Greece has become a net electricity exporter for the first time in 24 years. The transition is largely attributed to the increased share of renewable energy in the country’s power generation, which has driven down electricity costs and boosted demand for Greek electricity in regional markets. Additionally, the ongoing war in Ukraine has further fueled this trend, as neighboring countries redirect electricity supplies to Ukraine, increasing demand for Greece’s competitively priced electricity.
From 1 January to 2 March 2025, Greece recorded the lowest average wholesale electricity price in the region at 143.45 euros/MWh in the day-ahead market. By comparison, prices stood at 153.38 euros/MWh in Albania, 146.87 euros/MWh in Hungary, 145.32 euros/MWh in Italy, 158.33 euros/MWh in North Macedonia, 145.35 euros/MWh in Romania, and 146.13 euros/MWh in Bulgaria.
