A new “electroshock” is underway for Greece’s households and businesses as the starting price for KiloWatt- hour can even be scaled up to 80 cents as from September, media report on Friday.
Ahead of August 20, when the retail prices of the supply companies for the month of September will be announced, the omens for electricity consumers are grim, notes daily efimerida ton syntakton.
Market information indicates that the initial kilowatt-hour price for the next month may even be escalated up to 80 cents. The final prices applicable to consumers will depend on the amount of subsidy announced by the government with the average wholesale price today jumping to 449.14 euros per megawatt hour compared to 410.72 yesterday (August 18)..
It is recalled that for August the initial price from most suppliers ranged between 48 and 50 cents with government support reaching 33.7 cents per kilowatt hour.
Based on the above data as well as the international prices of natural gas which remain stable well above 200 euros, the electricity providers are invited on Saturday (20/08) to announce their new tariffs.
August is expected to close with natural gas at 210 euros on average compared to 170 euros in July and based on the decisive role of this fuel, a corresponding increase in bills is expected.
According to the current framework, suppliers announce by the 20th of each month the tariffs that will be applied for the following month, thus providing consumers with the option to switch to another supplier thus without any conditions and fines.
What is happening in other European countries?
As recorded in today’s report by newspaper “Ef.Syn” in contrast to Greece, wholesale prices fall in big European countries: in Germany the average price fell from €563.7 yesterday to 515.1 euros, in France from €553.6 to 509.8 and in Italy from €549 .1 in 501.3.
The Iberian peninsula remains the only island of calmness in Europe, as Spain and Portugal keep their wholesale prices stable at around 135 euros per megawatt hour. It is recall that both countries were granted exceptions by the European Commission it tough negotiations by both prime ministers.