Emissions from electricity generation rose in July to 1.28 million tons (+25.6% compared to June), mainly due to increased gas use, which also pushed the carbon intensity above 200 g CO2/kWh (204 g CO2/kWh, +12.5%). However, for the first 7 months of 2026, emissions from the sector reached a historic low (8.23 million tons), mainly due to reduced use of lignite and oil in non-interconnected islands. Despite this historic low, the country has already emitted more than 90% of its annual carbon budget and is off track to meet the NECP the electricity production sector.

In July 2026, renewables broke the 3 TWh “barrier,” setting a record for monthly production at 3,097 GWh. By absorbing 22.8 GWh of renewable energy that would otherwise have been curtailed, batteries prevented 13.6% of curtailments, which totaled 144.9 GWh in July (or 4.5% of total renewable energy production). Cumulatively over the first 7 months of the year, clean energy sources (RES and large hydro) reached a record high (22,348 GWh), exceeding fossil fuels by 6.6 TWh. There was a significant decline in oil (-38.8%) thanks to the Crete interconnection. However, gas remained at high levels (12,876 GWh, just 3.8% below last year’s record), and the wholesale electricity market price rose by 18.3% in July, reaching 110 €/MWh.