This paper presents calculations of the social cost of electricity gen
eration from fossil fuels in Greece. The interest of these calculation
s is that they allow a more realistic comparison between the actual pr
ice of electricity and the electricity produced by renewable energy so
urces, mainly wind and photovoltaic. The estimated social cost of ener
gy was found to be in the range of 7.3-5.4 GRD.kWh(-1). (C) 1997 Elsev
ier Science Ltd.