Electricity prices jumped in Greece on Tuesday, moving in line with significant increases recorded in other European markets. Wednesday’s electricity price in Greece rose to 312.67 euros per megawatt-hour, while in Germany the price was €323.34/MWh, in France €383.14/MWh, in Italy €369.07/MWh and in Austria €343.94/MWh.
Traders attributed this development to concern over natural gas flows from Russia, while an expected heat wave in country is an additional factor pushing prices higher.