Energy transition in the residential sector in Greece: Investing in natural gas, or in electrification?

News

Dr. Vassilis Stavrakas, Senior Research Associate at the Technoeconomics of Energy Systems laboratory (TEESlab), participated at the workshop entitled “Pathways to climate neutrality in Europe with a spotlight in Greece: Challenges, uncertainties, solutions”, which took place on the 30th of June 2022 at Glyfada, Greece, to present our new study entitled “Energy transition in the residential sector in Greece: Investing in natural gas or in electrification?”.

Key findings of the study are:

  • The current NECP target for 60.000 annual household renovations (1.5% annual renovation rate), cannot lead to decarbonisation by 2050.
  • To decarbonise the Greek residential sector…
    ➙…by 2050, 100,000 households should be renovated each year (2.5% annual renovation rate).
    ➙…by 2040, 145,000 households should be renovated each year (3.5% annual renovation rate).
  • Investing in electrification and heat pumps could lead to lower total costs at both the national and the household level, compared to investing in natural gas.
  • Striving to be ambitious and decarbonising the residential sector by 2040 could lead to lower total costs than decarbonisation by 2050.

The presentation was followed by interesting discussions where participants exchanged their insights regarding the different aspects of the energy transition in the Greek residential sector.

You can access our full study here.