Greece Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

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Greece Power Market Report Overview

The cumulative installed capacity in the Greece power market was 21.4 GW in 2021. The market is expected to grow at a CAGR of more than 4% during the forecast period. The Greece Government launched Feed-in Tariff (FiT) program in 2006. The FiT scheme was instrumental in rapid increase of solar PV deployment in the country. Due to a financial crisis and increasing deficit in the renewable energy support special account, the government introduced retroactive FiT cuts in 2014 for all existing solar PV, wind, small hydro and combined heat and power (CHP) installations.

Greece Power Market Outlook, 2021-2035

Greece Power Market Outlook, 2021-2035

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The Greece power market report discusses the power market structure of Greece and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.

Market size (Year – 2021)  21.4 GW
Growth rate (CAGR) >4%
Forecast period 2021-2035
Key sectors Residential Sector, Commercial Sector, Industrial Sector, and Others
Key market players Public Power Corporation SA, Protergia SA, Terna Energy SA, Ellaktor SA, Enel SpA, and Electricite de France SA

Greece Power Market Dynamics

After becoming a member of the European Union (EU) in January 1981, the Greece Government initiated several reforms to develop the economy and opened it to encourage trading activities and invite greater public and private investment. It also modernized its industrial sector, improved infrastructural facilities, and revised economic regulations in accordance with EU norms. The adoption of the Euro in 2002 contributed significantly to further economic development, owing to a decline in interest rates, which in turn led to higher aggregate demand for goods and services.

The Ministry for the Environment and Energy formulates Greece’s energy policies and sets out the strategy to meet the energy needs in the country. The Regulatory Authority for Energy (RAE) is an independent administrative authority that is authorized to control, regulate, and supervise the operations of all sectors of the energy market. Its main responsibilities include monitoring and surveillance of the energy market, granting, amending, and revoking all certificates/licenses required for carrying out energy-related activities, approving tariffs for non-competitive activities, and monitoring access to energy interconnections.

Greece Power Market Segmentation by Sectors

The key sectors in the Greece power market are the residential sector, commercial sector, industrial sector, and others. In 2021, the commercial sector had the dominant share in the power consumption market followed by the residential sector.z

Greece Power Market Analysis by Sectors, 2021 (%)

Greece Power Market Analysis by Sectors

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Greece Power Market- Competitive Landscape

Some of the key players in the Greece power market are Public Power Corporation SA, Protergia SA, Terna Energy SA, Ellaktor SA, Enel SpA, and Electricite de France SA. In 2021, Greece’s power generation market was dominated by Public Power Corporation SA.

Public Power Corporation SA: Public Power Corporation SA (PPC) is a vertically integrated electric utility. It generates, transmits, and distributes electricity to the customers. The company produces energy using the lignite, hydro, natural gas, oil, wind, and solar sources. PPC owns power generation projects and energy transmission assets across the country and holds interests in lignite mines in Lignite Centers of West Macedonia and Megalopolis. It is owned by Greek State, Hellenic Republic Asset Development fund, EFKA and Tayteko/Teapap-PPC fund, and other investors. PPC serves residential, agricultural, commercial, industrial customers, public lighting, traction and public authorities in Greece and regions abroad. The company has sales offices across the country. PPC is headquartered in Athens, Greece.

Greece Power Market Analysis by Key Players, 2021 (%)

Greece Power Market Analysis by Key Players

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Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identify key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy, and prospects

Table of Contents

1. Executive Summary

1.1 The Ukraine crisis further dents Greece’s supply security

1.2 Solar PV and onshore wind to lead renewable power market in Greece

2. Introduction

2.1 Greece Power Market

2.2 GlobalData Report Guidance

3. Greece Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. Greece Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2021

Deals by Type, 2021

4.4 Greece Power Market, Demand Structure

Power Consumption by Sector, 2021

5. Renewable Energy Policy, Greece

5.1 Thermal Power Policy

5.2 Renewable Energy Market, Overview

5.3 Energy Policy, Greece

5.4 Renewable Energy Targets

5.5 National Energy and Climate Plan (NECP) 2021-2030

5.6 Hydrogen Energy

5.7 Generation of Electricity using Renewable Energy Sources (RES) Law

5.8 Support Scheme for renewable power and CHP Producers (Law 4414/2016)

Premium Tariff (Feed-in Premium)

ETMEAR Levy

5.9 Renewable Energy Auctions

5.10 New Development Law 4399/2016

5.11 Net Metering

Virtual Net Metering

5.12 Biofuel Quota

5.13 Antonis Tritsis Programme

5.14 Greece’s Recovery and Resilience Plan

6. Greece Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Hydropower Capacity and Generation, 2010–2035

6.5 Renewable Power Capacity and Generation, 2010–2035

7. Greece Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

8. Greece Power Market, Major Generating Companies

8.1 Public Power Corporation SA

Company Overview

Business Description

SWOT Overview

8.2 Protergia SA

Company Overview

Business Description

8.3 Terna Energy SA

Company Overview

Business Description

SWOT Overview

8.4 Ellaktor SA

Company Overview

Business Description

SWOT Overview

8.5 Enel SpA

Company Overview

Business Description

SWOT Overview

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

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Table

List of Tables

Table 1: Power Market, Greece, Macroeconomic Factors, 2010–2030

Table 2: Energy and Emission Targets, NECP, Greece, 2021-2030

Table 3: ETMEAR Rates per Voltage Level, Greece, 2016–2018

Table 4: Renewable Energy Auctions, Greece, 2018-2021

Table 5: Biofuel Quota (%), 2021, Greece

Table 6: Power Market, Greece, Cumulative Capacity and Annual Generation, 2010–2035

Table 7: Power Market, Greece, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 8: Thermal Power Market, Greece, Cumulative Capacity and Annual Generation, 2010–2035

Table 9: Thermal Power Market, Greece, Major Plants, 2021

Table 10: Hydropower Market, Greece, Cumulative Capacity and Annual Generation, 2010–2035

Table 11: Hydropower Market, Greece, Major Plants, 2021

Table 12: Renewable Power Market, Greece, Cumulative Capacity (GW), 2010–2035

Table 13: Renewable Power Market, Greece, Annual Generation (TWh), 2010–2035

Table 14: Renewable Power Market, Greece, Major Plants, 2021

Table 15: Power Market, Greece, Transmission Line Length (Ckm) by Voltage Level, 2010–2025

Table 16: Power Market, Greece, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 17: Power Market, Greece, Annual Electricity Import and Export (TWh), 2000–2021

Table 18: Power Market, Greece, Upcoming Interconnection Projects

Table 19: Abbreviations

Figures

List of Figures

Figure 1: Renewable Power Market, Greece, Cumulative Capacity, 2010–2035

Figure 2: Power Market, Greece, Country Summary

Figure 3: Power Market, Greece, Macroeconomic Factors, 2010–2030

Figure 4: Power Market, Greece, Market Structure

Figure 5: Power Market, Greece, Market Share of Generation Companies (%), 2021

Figure 6: Power Market, Greece, Deal Value and Number of Deals, 2010–2021

Figure 7: Power Market, Greece, Deals by Type (%), 2021

Figure 8: Power Market, Greece, Annual Power Consumption, 2010–2035

Figure 9: Power Market, Greece, Power Consumption by Sector (%), 2021

Figure 10: Power Market, Greece, Cumulative Capacity Share by Technology (%), 2021

Figure 11: Power Market, Greece, Cumulative Capacity and Annual Generation, 2010–2035

Figure 12: Power Market, Greece, Capacity Share by Technology, 2010–2035

Figure 13: Power Market, Greece, Annual Generation Share by Technology, 2010–2035

Figure 14: Thermal Power Market, Greece, Cumulative Capacity and Annual Generation, 2010–2035

Figure 15: Hydropower Market, Greece, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Renewable Power Market, Greece, Cumulative Capacity, 2010–2035

Figure 17: Renewable Power Market, Greece, Annual Generation, 2010–2035

Figure 18: Power Market, Greece, Annual Electricity Import and Export, 2000–2021

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