Record price for latest NOME electricity auction in Greece

Thursday, 18 October 2018 23:36
UPD:23:38

The latest NOME-type auction this week - the last for 2018 - witnessed a record-breaking price for blocks of future electricity production, topping off at 54.74 euros per MWh/h.

The price was the highest offered since this type of electricity auction was inaugurated in Greece, exceeding by 5.94 euros the previous highest price (48.8 euros per MWh/h).

 A total of 683 MWh/h in future power production was auctioned off at Wednesday process, with market analysts saying the record-breaking price was due to expectations that counter-incentives will be placed by state regulators for the export of acquired electricity.

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