Energy

The economic growth and social cohesion of each country are totally influenced by the energy production and consumption, which are directly related to its production model, industry and its citizens’ quality of life.

The energy sector influences the economy, both by adding value to the economy through the activities of the energy production or supply chain and all the sectors linked to it, and by having a broader impact on the economy through the prices of energy products, which affect all economic activity (in businesses and households).

The direct contribution of the energy sector to the Greek economy is estimated at 3.8% of GDP (2017), while it employs around 50,000 people, mainly in the fuel trade (wholesale and retail), and its contribution is multiplied by the directly related sectors.

At the same time, the energy sector is of particular importance for public revenues. 64% of the price of unleaded petrol is made up of duties or taxes, for example. Revenues from specific taxes on energy reached 3% of GDP in 2019, compared to the European average of 1.8%.

Although it is not always perceived in everyday life, the whole structure and operation of the electricity grid has changed radically in our country since the last decade’s financial crisis. Just a few years ago, PPC had an absolute monopoly in the production, transmission, distribution and supply of electricity in Greece, while now it controls about 50% of total production and 67.7% of electricity supply, but the transmission system and distribution networks are now separated by ownership among dozens of private competing companies.

 

Another important energy sector of our country’s economic activity during the last decade has been the Exploration and Exploitation of Hydrocarbons. The policy pursued in this sector is considered part of the country’s energy policy and is included in the National Energy Plan. Among its objectives is to ensure revenues for the public treasury and the private sector, but also to reduce the country’s energy dependence on oil and gas imports.

 

According to the last researches, the four axes in which most emphasis should be given to in the forthcoming period for future investments are:

– Increasing the usage of renewable energy sources in the sector of energy production, such as using wind, solar, hydro, geothermal and organic bioenergy.

– Upgrading and strengthening infrastructure in energy networks to facilitate RES and the gradual connection of end-use energy sectors.

– A fair transition for lignite-dependent regions.

 

Nepa Economic Consulting and the specialized in this sector executives have the required experience and understanding of the basic principles of operation of energy markets, in order to effectively assist in the strategic development & integration of companies operating in this market. Our services support providers of main energy sources, such as hydrocarbons and gas, as well as renewable energy providers (RES), Greek and multinational companies producing raw materials and trading fuels well-established in their sectors, serving the public and the business sector in general.

ΕΣΠΑ Banner Αφίσα ESPA Banner