The subsidies announced by the Ministry of Environment and Energy concern household tariffs and all main and non-main residence services, without income criteria and regardless of provider, and are structured as follows:
* For monthly consumptions up to 500kWh, the subsidy is set at €14/MWh or 1.4 cents/kWh. This category occupies 90% of households in Greece. It should be noted that the subsidies concern consumers who are contracted to variable electricity tariffs.
* For households included in the Social Household Tariff (CTO), the subsidy amounts to 48 €/MWh or 4.8 cents/kWh for the total consumption, while the final price after the subsidy will be at the pre-energy crisis level. The total cost of the aid for September amounts to 20.8 million euros.
Electricity bills: PPC opened the dance of reductions in tariffs
Up to 43% are the reductions announced by the suppliers for electricity tariffs for September compared to the previous month, while there are also increases, but they do not exceed 8%.
The… dance of reductions was once again opened by PPC, which as the largest player in the field “sets” the tone, while today the announcements from the Ministry of Energy are expected on the subsidy of household tariffs in September, which is expected to be around at 1 minute per kilowatt hour.
The prices
According to the data posted on the website of the Energy Regulatory Authority, prices range from 15.833 to 19.95 cents per kilowatt hour, while of the 16 products available on the market, six are down compared to August (among them the PPC tariff up to 500 kilowatt hours per month), six remained stable and four increased.
As market sources point out, the price variation reflects the relative de-escalation of the electricity exchange price in August to 129.83 per megawatt hour from 135.54 in July.
In particular, PPC’s “green” tariff for consumption up to 500 kilowatt-hours is 15.94 cents per kilowatt-hour, compared to 16.39 cents which was the price in August, i.e. 2.8% lower. The price for consumption over 500 kilowatt hours is 17.14 cents (up from 16.95). The charge for PPC’s night tariff is also lower, at 12.84 cents from 14.934 in August.
Subsidies
It should be noted that PPC’s tariff does not include the subsidies that the government will provide, which will push down the electricity tariff. We remind you that PPC in August offered the “green” tariff at 16.3 cents per kilowatt hour, which with the subsidies granted by the Ministry of the Interior dropped to 14.7 cents. Last month, PPC provided a 53% discount on the electricity bill.
Also, the company proceeded with its announcement to change one of the variables that affect the equation of the “green” tariff. In particular, the upper limit Lu of the fluctuation mechanism is reset to 0.125 euro/kWh.
Other providers
It is noted that Metlen group’s Protergia, which holds the second largest share in the retail electricity market after PPC, announced that it will keep its tariffs stable in September, with the “green” tariff being set at 15.99 cents. The Iron company, a member of the GEK TERNA group, also maintained unchanged prices, with Basic Home at 15.87 cents per kilowatt hour.
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