Economic data
Greek Power Prices Hit 2026 High as Winter Energy Squeeze Looms
Wholesale electricity prices in Greece have hit their highest level of the year, raising fears that households and businesses face a winter of steep power bills reminiscent of the 2022-2023 energy crisis. The average wholesale price climbed to 247.82 euros ($288) per megawatt-hour and topped 400 euros during some hours. October prices are running more than 10% above September, on track for a fourth straight monthly rise. Analysts point to four main factors. Natural gas prices have settled at 80 to 90 euros per megawatt-hour, up 177% from a year ago, amid the war in the Persian Gulf. Gas