The price of dependence on herbal gasoline is heavy

The rustic’s power dependence on fossil gasoline and oil imports stays at top ranges, intensifying the accuracy for all customers, in spite of the expanding penetration of Renewable Power Resources (RES) within the power combine, particularly in recent times.

The rustic’s power dependence is expanding dangerously and in recent times it has speeded up at an alarming price, as from 70.7% in 2018 it reached 79.6% in 2022 consistent with the yearly document of the Power Institute of Southeast Europe (IENE) at the Hellenic Power Sector 2024, not too long ago launched. It’s feature that over the years the stage of power dependence of Greece is top: in 2010 68.6% of the gross to be had power in Greece got here from imports, whilst in 2022 this proportion higher to 79.6%. Extra in particular, the proportion of oil and oil product imports in 2022 amounted to 101.8% and herbal gasoline to 101.6%.

Particularly, within the house of ​​energy era, the usage of herbal gasoline has higher considerably, necessarily changing the “grimy” however nationally produced lignite after the implementation of the violent and unplanned ligniteization that the federal government of N.D. made up our minds with an excessive amount of find out about. in 2019, with severe affects at the native communities of the lignite spaces. After all, the unique plan for “herbal gasoline in all places” didn’t pan out, because the gasoline disaster peaking in 2022 and the following increase in imported gas costs demonstrated how simply out of control value will increase on the expense of shoppers can also be precipitated by way of intense volatility in inventory marketplace costs. of which importers, corresponding to Greece, clearly haven’t any risk of intervention.

Robust gasoline

Herbal gasoline, despite the fact that characterised as a bridge gas in opposition to the fulfillment of local weather targets for zero-carbon economies, appears to be like set to dominate a minimum of for the following 5 years at a heavy value. We remind you that the marketplace value of gasoline (Dutch TTF) broke one file after some other in 2022, surpassing 300 euros/megawatt hour in August of the similar yr, whilst the weighted reasonable import value of gasoline exceeded 175 euros/megawatt hour in September of 2022.

Actually, this yr’s newest ESEK (Nationwide Power and Local weather Plan) foresees the addition of 2 new herbal gasoline devices to the prevailing fleet with none withdrawal, elevating the whole put in capability, from 6,037 GW lately, to 7,885 GW. As IENE feedback, this building raises questions in regards to the financial viability of herbal gasoline vegetation, which is more likely to rely on subsidies (s.s.: with compensations to energy manufacturers), corresponding to energy adequacy mechanisms, in the long run expanding prices for customers.

In the end, ESEK’s forecast for the put in energy era capability according to herbal gasoline is 7,045 MW in 2025 and will increase to 7,885 MW in 2030 – a length all through which, alternatively, the facility of RES will increase considerably.

However this yr too, the fashion is upward. In response to the most recent information from the administrator (DESFA), the home intake of herbal gasoline higher within the 9 months of 2024 by way of 25.16%, attaining 47.65 terawatt hours (TWh), from 38.07 TWh within the corresponding length for 2023. energy manufacturers stay the biggest customers of gasoline, masking 69.52% of home call for (CNG industries and stations have proportion of 13.73% and the distribution networks – residential customers and so forth. – file 16.75% of the whole gasoline call for).

And consistent with an research of knowledge from Inexperienced Tank, gasoline intake in November (6.7 TWh) was once the absolute best per 30 days intake since March 2022 (6.94 TWh) and got here from the usage of gasoline in electrical energy (+2, 23 TWh). Total within the 11 months, gasoline higher by way of 28.3%, Russian gasoline remained in first position with a proportion of 52.1%, whilst our nation changed into the tail of the voluntary goal of lowering intake, as it’s the just one that has higher gasoline intake by way of 14.2%.

On the similar time, it must be famous the rise in repairs prices of herbal gasoline transmission infrastructure by way of 29.6% and investments in new infrastructure by way of 47.6% in comparison to 2022, as a part of those prices are transferred to energy era and retail.

Dominant oil

On the similar time, the intake of petroleum merchandise stays at top ranges. The most important proportion within the ultimate power intake sector corresponds to the intake of petroleum merchandise (54.1% for 2022), adopted by way of electrical energy (26.9%). The shipping sector had the biggest contribution as a proportion of ultimate power intake (38.1%)

Greece relies on imports of huge amounts of crude oil and oil merchandise to satisfy its wishes and, consistent with IENE information, Iraq was once Greece’s biggest provider of crude oil in 2022 with 10.4 million tonnes, adopted by way of Russia with 5.95 million lots and Kazakhstan with 3.13 million lots. Imports from Iraq on my own accounted for 32.2% of Greece’s overall crude oil and petroleum merchandise imports in 2022, which amounted to 32.316 million lots. From 2013 imports of petroleum merchandise adopted an upward pattern till 2021, excluding 2019 and 2020 and stabilization in 2021 and 2022, along an build up in exports, however Greece remained a internet importer of petroleum merchandise all through the length 2000- 2022.