Electricity: new wholesale price record at €213.62/MWh

The wholesale price of electricity on the Day-Ahead Market of the Greek Power Exchange hit a new record for Friday, September 25, 2026, reaching €213.62 per megawatt-hour, according to a report by Ta Vima on September 24, 2026. This price represents the charge at which electricity suppliers purchased electricity wholesale for the following day, through the market mechanism that determines daily clearing prices per hourly zone. According to the same report, this is the highest level ever recorded in the specific market.

Comparison with previous data reveals the extent of the increase: on Thursday, September 24, 2026, the wholesale price stood at €175.59 per megawatt-hour, as Ta Vima reports, noticeably lower than the record for the following day. At the same time, the price of €213.62 per megawatt-hour surpassed the previous twelve-month high, which was at €211.76 per megawatt-hour, according to the same report. Thus, the price recorded for Friday, September 25, 2026 constitutes, according to Ta Vima, the new highest wholesale electricity price of the past twelve months in the Greek market.

The report also includes the position of a relevant official from the Ministry of Environment and Energy, who is not named in the reporting. According to Ta Vima, the official stated that “today there is no need for electricity subsidies,” while also setting a specific threshold at €250 per megawatt-hour, above which consumer support measures would be activated. This threshold, as recorded in the report, functions as the ceiling above which the Ministry would consider activating subsidies, with the price of €213.62 per megawatt-hour remaining, according to this statement, below the specified threshold.

The wholesale price that forms on the Day-Ahead Market represents the cost at which suppliers source electricity for the following day and is not transferred automatically or immediately to household and business bills; the pass-through to end consumers occurs with a time lag and through each supplier’s own pricing schemes, without mechanically following the wholesale price of a specific day. The Ta Vima report does not provide data for specific retail prices or for how electricity bills may be affected, and does not explain the reasons why the wholesale price increased on Friday, September 25, 2026; it simply records the new record and the Ministry’s position, without specifying the causes of the increase. What is known at present is the market data itself and the public statement from the Ministry of Environment and Energy regarding the absence of a need for subsidies at the current price level, as reflected in the reporting from September 24, 2026. More information about energy market trends can be found in the Economy section of TodayGrid, as part of overall coverage of Greece topics.