Heatwave Pushes Electricity Prices Higher as Greece Braces for Potential Blackouts
As Greece enters a new week under extreme heat, the country's electricity system is under growing strain. The ongoing heatwave, which began intensifying on July 21, has sent power demand soaring-triggering a steep 45% increase in electricity prices on the wholesale market and placing grid operators on high alert.Energy System Under Pressure Officials from Greece's Independent Power Transmission Operator (ADMIE), the Hellenic Electricity Distribution Network Operator (HEDNO/DEDDIE), and the Regulatory Authority for Energy, Waste and Water (RAAEY) describe the situation as unprecedented. Despite the challenges, they remain cautiously optimistic about the resilience of the electricity grid and its ability to avoid blackouts. In anticipation of peak demand, Minister of Environment and Energy Stavros Papastavrou convened an emergency task force meeting on July 20 to coordinate the response of all key agencies. Surge in Wholesale...
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As Greece enters a new week under extreme heat, the country's electricity system is under growing strain. The ongoing heatwave, which began intensifying on July 21, has sent power demand soaring-triggering a steep 45% increase in electricity prices on the wholesale market and placing grid operators on high alert.Energy System Under Pressure Officials from Greece's...
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