Retail electricity prices have dropped sharply, reaching pre-crisis price levels. The megawatt hour costs less than 75 euros, while during the crisis it was 436 euros, according to an ERT reporter.
The average monthly price is down more than 80% today from the all-time highs of August 2022. Next month, retail prices of current they are expected to decline to even lower levels.
For two years electricity bills were the constant stress of households and businesses.
The drop in the wholesale price of electricity drops the cost per kilowatt hour for March to pre-energy crisis levels.
The main provider’s green tariff stands at 9.2 cents, 1.8 cents, which is even cheaper than February’s social tariff.
Accordingly, the yellow household tariffs for March will start from 8 cents per kilowatt hour.
The return of the kilowatt-hour charges to the levels of 2021 is also due to the reduction in the profit margin of the providers since the beginning of the year, as reported by an ERT reporter.
According to newsit, the wholesale-retail discrepancy is 2.5 to 4 minutes, while during the previous system retail was even 56% more expensive.
So-called retail surpluses are expected to be accounted for in the coming weeks, although the first tranche should have been received by December 2022.
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