Faulty cables have become the leading cause of major wildfires this summer, exposing how years of underinvestment in Greece’s electricity network fuel deadly blazes and trigger mounting local anger

On Greece’s day-ahead market, the average wholesale electricity price for July 25 has spiked to 142.59 euros per megawatt-hour (MWh) — the highest recorded since the start of summer.

According to the grid operator, July 22 marked the beginning record-breaking power consumption, with demand peaking between noon and 13.30

According to IPTO, Greece’s high-voltage Transmission System Operator, electricity demand is expected to peak at approximately 9,700 MW during the early afternoon hours of July 8.

Greece’s own electricity system is not immune, it faces increasing stress from rapidly shifting climate conditions and new technical challenges.

According to reports, Meridiam SAS is set to acquire a 49.9% share in Greece's ambitious Great Sea Interconnector project.

Cheaper electricity in Greece will be available from 10 a.m. to 3 p.m. and on weekends, possibly starting in 2025, when Greece changes its Time-of-Use pricing policy.