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
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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 (%)
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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 (%)
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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
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Frequently asked questions
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What was the Greece power market size in 2021?
The Greece power market size was 21.4 GW in 2021.
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What is the Greece power market growth rate?
The Greece power market is expected to grow at a CAGR of more than 4% during the forecast period.
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What are the key sectors in the Greece power market?
The key sectors in the Greece power market are the residential sector, commercial sector, industrial sector, and others.
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Who are the key market players in the Greece power market?
Some of the key market 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
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