Yellow will remain the cheapest electricity tariff for March as well with providers forecasting that next month we will see single digits for the first time on the green tariff as well.
Consumers’ allies are the mild weather conditions that keep the price of natural gas low, which has dropped to 23.8 euros per megawatt hour, the massive LNG imports in Europe and the reduced demand for gas from Asia. All these factors have a direct impact on the wholesale price, which determines the tariffs that reach the final consumer, and until yesterday, February 26, it stood at 73 euros per megawatt hour.
Electricity supply company executives say these prices will lead to March tariffs of less than 10 cents per residential kilowatt hour. This is a significant drop compared to January, where the corresponding wholesale price was just over 92 euros, making the special (green) tariff of PPC at 12.8 cents and the average price in “green” accounts at 13.3 minutes compared to 14.7 minutes in January. If wholesale prices remain at the same level until the end of the month (which so far there is no indication that they may change), then tariffs even below 9 cents will not be a surprise.
Senior executives from the procurement industry report that the low prices in yellow due to the continuous drop in the wholesale price, are also a strong factor in movements from the special tariff.
The latter continues to hold the market scepter at 75%-25% with yellow constantly gaining points. “For the percentage of the green tariff to go down, we will need 1.5 years”, points out an executive of a large company, emphasizing that consumers are not interested in moving to other programs. They do as he says if a company piques their interest and if they are convinced that it is giving them the best price.
Significant changes have recently been observed in the blue fixed tariffs as well, as a result of the very competitive yellow and green prices. “Today, if you go to sell a blue invoice to the consumer, you understand that you are eating up your time,” says an electricity provider.
Prices started above 17 cents per kilowatt hour in December, fell rapidly in January, short-circuited with the eight-month tariff that “Natural Gas” put on the market and since then the “experiments” have ended, with the exception of Protergia’s six-month tariff. At RAAEY, which declared war on the tariff that broke the “rules” of the 12-month fixed pricing, they even talk regarding “trapped” consumers, since the prices in blue fell further and finally made the fixed tariffs very expensive.
In other words, the reverse of what happened during the energy crisis happened, when regarding 500,000 consumers found refuge in PPC’s fixed tariffs and were protected from soaring prices!
In recent months, efforts have been made by the government and the political leadership of the Ministry of Environment and Energy to make tariffs more transparent and comparable. But consumers are still confused by the complexity of the pricing mechanisms (daytime, nighttime, consumption below and above 500 kilowatt-hours, high fixed charges), making it impossible for a conventional residential customer to calculate how his monthly bill is structured . This picture, combined with the indicative measurements of DEDDIE, which measures the consumption every eight months, leads to inflated ” once morest” electricity bills, which the Ministry of the Interior is trying to reverse by imposing monthly measurements on electricity.
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