Greece’s grid operator says five straight hours of demand met last week solely through renewable energy sources

Greece’s Independent Power Transmission Operator (IPTO or ADMIE) on Monday announced that national electricity demand was covered for a total of five straight hours last week solely through renewable energy sources, a first for the country.

According to figures released by the national power grid operator, production from RESs broke the previous record by reaching 3,106 MW, and between 11 a.m. and 4 p.m. on Oct. 7, 2022.

IPTO pointed to greater benefits for consumers from a higher use of RESs, as the rate is 94 euros per MWh generated by wind parks; 190 euros per MWh for lignite-fired plants and a whopping 499 euros per MWh for gas-fired plants.

New wind parks coming online over the coming period are expected to reduce the rate to 58 euros per MWh.