Electricity in Greece in 2023

The state of electricity consumption in Greece for the year 2023, is based on a forecast model established from the actual data recorded for the first 11 months of the year and the forecasted data for the remaining month. The data groups the energy sources into low-carbon and fossil energy sources for clarity. Low-carbon energy, comprising of nuclear, wind, solar, hydro, and imported green power, accounts for slightly less than half the total electricity consumed. Notably, solar and wind energy are significant contributors, generating more than a third of the total low-carbon electricity. Fossil energy, which includes gas and coal, is marginally behind, accounting for over 44% of the total, with gas being a substantial source, constituting more than three-fourths of the fossil energy consumption.

Suggestions

Comparing with other nations' successful stories holds key lessons on how Greece could enhance its generation of low-carbon electricity. Looking specifically at nations which share certain characteristics with Greece geographically and ecologically, we can see an opportunity in further expanding wind and solar energy infrastructure - already well-established platforms in Greece. For instance, Denmark has a remarkable record, with wind energy constituting over half of its electricity production. Additionally, nuclear energy stands as a viable low-carbon option, a fact visible in the electricity generation profiles of nations such as France and Slovakia, where nuclear power provides more than half their electricity. There is an undeniable potential that seems untapped.

History

The history of low-carbon electricity in Greece is an undulating tale characterised by fluctuations majorly in hydroelectric power since the early 1980s. The changes in electricity generation compared to the previous years were mostly oscillatory, featuring periods of expansion and compression. The early years marked a slight decline, evident when the year 1983 saw a drop of 1.3 TWh. However, in the last two decades of the 21st century, the focus shifted in favor of solar and wind energy. Notably, in 2013, solar power entered the mix, contributing an additional 2 TWh. By 2020, wind power started making significant contributions, and despite a reduction of 1.5 TWh in 2023, it remains a crucial part of Green energy development. Interestingly, no significant declines in nuclear power generation were recorded over the years studied, indicating a consistent faith in its potential.

Electricity Imports and Exports

Balance of Trade

Maximum Imports

Data Sources