December 2, 2024
Economy, FEATURED
The “green” electricity tariffs for December 2024 range from 15.5 cents per kilowatt-hour to over 20 cents, according to the Regulatory Authority’s website where the new prices were posted on Monday. The tariffs are higher than in November due to the rise in prices on the Energy Exchange. Within the …
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November 15, 2024
Economy, FEATURED
Electricity prices went up again in the last two days with the price of MWh to have reached over 215 euros. Alerted by the citizens’ discontent over a high cost f living, the Greek government appeared to plan new subsidy on electricity bills. € “There is no way such prices …
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October 31, 2024
Economy, FEATURED
The reduced-rate off-peak electricity tariff is to switch to a winter schedule as of Friday, 1. November 2024, the Hellenic Electricity Distribution Network Operator S.A announced on Thursday. Under the winter schedule, cheaper rates are charged between 02:00 to 08:00 and between 15:00-17:00 for customers connected to the mainland grid, …
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October 21, 2024
Economy, FEATURED
The gradual abolition of the two fees included in electricity bills to fund renewable energy sources (ETMEAR) and supplying islands with electricity (YKO) are among the actions the Environment and Energy Ministry is planning, to reduce consumer bills for electric power. This strategy is included in the National Plan for …
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October 2, 2024
Economy, FEATURED
“Green” residential electricity tariffs are reduced by 6%-17% in October, while two suppliers (Heron and Protergia) kept the prices stable for the fourth month in a row. The prices range from 13.974 to 18.558 cents per kilowatt hour, while 12.062 cents is the charge for PPC’s night tariff. The reductions …
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September 3, 2024
Economy, FEATURED
The subsidy on household electricity tariffs was set at 1.4 cents per kilowatt-hour for September, Energy and Environment Minister Theodoros Skylakakis said in an interview with MEGA TV on Tuesday. As he said in this way, the retail prices (based on the tariffs announced on Sunday by the providers) will …
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August 6, 2024
Economy, FEATURED
The generous and “astronomical” amount of eight (8) euros is the maximum subsidy the Greek government will help households and businesses in the country to deal with the high prices in electricity in the month of August. This is the result of calculations by main opposition party SYRIZA to the …
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August 2, 2024
Economy, FEATURED
The emergency subsidy for household electricity consumption in August will be 1.6 cents per KW (or 16 euros per MWh), the Environment & Energy Ministry announced on Thursday. Therefore, the end billing price for most consumers – depending on the tariffs of each provider – will be under 15 cents/KW, …
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April 3, 2024
Economy, FEATURED
Consumers in Greece see an increase of electricity prices in April despite the decrease in the wholesale price. “Blame the electricity theft,” says General Secretary for Energy, Aristotelis Aivaliotis. The cost created by electricity theft is sent to providers who on their turn send it to consumers. 400 million euros …
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January 24, 2024
Economy, FEATURED
Deputy Environment and Energy Minister Alexandra Sdoukou said on Wednesday that smart electricity meters should also be allowed in Greece’s households so that consumers profit from power surplus and cheaper prices. Addressing the Ecomobility Conference in Athens, Sdoukou noted that energy providers in Europe are offering electricity rates that are …
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October 24, 2023
Economy
A teleconference about the electrical interconnection project of Greece, Cyprus and Israel was held on Tuesday by the three countries’ power operators. Participating in it were Greece’s Independent Power Transmission Operator (IPTO), Cyprus’ Transmission System Operator Cyprus (TSOC), and Israel’s Independent System Operator (NOGA). They discussed issues relating to the …
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October 24, 2023
Economy, FEATURED
Greece’s Energy Ministry said on Tuesday that it will extend power bill subsidies for households and farmers in November. The new subsidies come a day after electricity providers announced exorbitant price increases between 40 and up to 80 percent for the same month. For monthly consumption up to 500 per …
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October 23, 2023
Economy, FEATURED
Power providers in Greece announced the new tariffs for November on Monday. The new tariffs “electrocuted” consumers as the price increases range between 40 and up to shocking 88 percent! According to the announcements made by the electricity providers, the November tariffs will have new price increases. The electricity price …
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October 20, 2023
Economy, FEATURED
Electricity prices will increase up to 30% in November, as providers in Greece are expected to announce significant increases in the new tariffs for the next month. It is apparently the conflict in the Middle East, as well as the levy imposed by Bulgaria (10 euros per megawatt hour) on …
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September 4, 2023
FEATURED, weather
A heavy thunderstorm hit the island of Corfu early afternoon Monday causing problems in the electricity system, while heavy lightning disturbed the operation of the Ioannis Kapodistrias international airport. Eight flights were not able to land because of the thunderstorm, while three of them had to land at nearby airports. …
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July 26, 2023
Economy
Τhe Ministry of Environment and Energy announced on Tuesday that it will continue to support electricity consumers in August with a total amount of 19 million euros. The subsidies for electricity in household tariffs and for all main and non-main residence services, without income criteria and regardless of provider, are …
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July 4, 2023
Economy
Israel on Tuesday unveiled plans to build an underwater electric cable that will run along its Mediterranean coast and offer the possibility to connect to electricity grids in Europe. The proposed 150 km cable will carry electricity from solar energy farms in Israel’s southern Negev desert to cities to the …
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April 21, 2023
Economy
Electricity suppliers announced lower bills for May, with prices set very close to the target set by the government for final charges to consumers. More specifically, PPC reported a charge of 15.9 cents per KWh for energy consumption up to 500 KWh (16.5 cents in April). Protergia: 13.96 cents/KW Heron: …
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April 6, 2023
Economy
Greece’s Energy Regulator Authority (RAE) increases charges in the electricity distribution network as of May 1 and thus retroactive. The charge increases reaching over 7 euros will be collected by the Greek Electricity Distribution Network Operator (DEDDIE) and is reportedly “intended for investments and other [undefined!]expenses of the company.” With …
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March 30, 2023
Economy, FEATURED
Greece is at risk of blackouts during the Easter days, the Independent Power Transmission Operator (ADMIE) has warned. Reason for the problem is that this year, the participation power production by the Retail Electricity Suppliers (RES) has increased and there are still no energy storage units that could provide energy …
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