According to the Ministry of Energy and Environment, colored electricity tariffs “promote transparent and simplified information on the prices of providers, for the benefit of consumers”.
On Saturday, December 9, Michalis Christodoulidis, Energy Inspector and Mechanical Engineer, spoke on ERT television about the new colored electricity tariffs that will be effective from January 1, 2024.
According to the Ministry of Energy and Environment, colored electricity tariffs “promote transparent and simplified information on the prices of providers, for the benefit of consumers”.
Michalis Christodoulidis tried to give tips for each invoice color and its use.
In detail what he said about each “invoice color”:
Blue invoice
“The blue tariff is very simple. It is a locked-in kilowatt-hour billing rate for the duration of the consumer’s contract with the provider. For example, you have a contract with the provider for 12 months, you know that the billing price will be fixed for all 12 months. The provider has built his risk into this price from the beginning. In other words, he says that there may be some energy changes, etc., I put my risk within this price and consistently offer this number”, he said.
He emphasized that the blue tariff benefits those who have very little consumption.
Green invoice
“The kilowatt-hour charge is formed on the basis of fixed and variable prices. That is, the charge of the final price in the green tariff is formed by three components. From a fixed basic starting price and from there on the supplier gives some limits. Upper and lower price limits where above and below these limits the revaluation clause, the fluctuation mechanism, is activated.
We have to say that it is built into the green tariff and a floating price which has to do with the adjustment clause plus the fixed one.”
Yellow invoice:
“The yellow tariff is exposed to the energy exchange at 100%. The price is formed based on the indicators of the wholesale market. I have studied the global energy market, I see that there is a decline, a de-escalation of energy prices in both natural gas and oil and in the wholesale electricity market. And maybe – if December goes like January goes – it will be cheaper than green too”.
Orange invoice
“The orange tariff needs a smart meter. Orange when you have a smart meter, directs you which times of the day to turn on energy-consuming household appliances that have a low charge and which to avoid. It’s good for business consumers who have multiple devices.”
Mr. Michalis Christodoulidis also added that: “If electricity as a social good is turned into a stock market product, it follows the rules and laws of the stock market. So it’s like buying something from the stock market.”
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