Greek PM requests EU intervention for distortions in energy market

Greek Prime Minister Kyriakos Mitsotakis requested on Friday an immediate response from the European Union (EU) to distortions in European energy market, reported Xinhua.

The distortions have resulted in extremely high electricity prices in central, eastern European and Balkan countries compared to western European states, according to Mitsotakis.

In a letter addressed to European Commission President Ursula von der Leyen, which was released by the Greek premier's office, he said that in Greece's case, wholesale electricity prices in the country have more than doubled from 60 euros per megawatt hour (MWh) (66 U.S. dollars/MWh) in April to 130 euros/MWh in August.

Although Greece has made remarkable progress in accelerating energy transition, prices have risen to levels last seen in early 2023, amid the energy crisis, he said.

A similar situation was also reported in other countries this summer, Mitsotakis said, adding that disparities in prices as well as other extra cost undermine the spirit of the internal market.

In his letter, the Greek leader called upon EU to act.