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Tag Archives: electricity

Electricity suppliers announce lower bills for May

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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Fees for electricity distribution rise by 752.7%, collected retroactive

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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Greece at risk of blackouts during the Easter days, Distributor warns

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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Energy Ministry reduces electricity subsidy to €15/MWh

Greece’s Energy Minister announced on Friday the electricity subsidy for the month of April, that is ridiculously decreased to 15 euros per MWh. The minimum rate charged for electricity in April will fall below 9 cents per kilowatt hour based on the subsidies for next month, Environment and Energy Minister …

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Lower electricity rates in April, yet Greece “most expensive in Europe”

The majority of Greek power providers have announced significantly lower rates for April, following the easing of prices in the Greek energy exchange and in international markets. In many cases the prices are already lower than 15-16 cents per KWh, which is the target price for consumers after including state …

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Electricity interconnection of Cyclades islands signed

Hellenic Cables, the cables segment of Cenergy Holdings, signed a contract with Independent Power Transmission Operator (IPTO) on Monday,, in the context of the 4th phase of Cyclades interconnection with the continental Electricity Transmission System, concerning the electrical interconnections of Lavrio-Serifos and Serifos-Milos, Greece, with a total length of 170 …

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State subsidy for electricity bills in March

Τhe subsidy for household electricity tariffs for March has been set at 40 euros per megawatt hour, according to statements by Environment and Energy Minister Kostas Skrekas on Tuesday morning. In other words, the amount of the subsidy remains at the same as in February, whereas the rates announced by …

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Greece heavily cuts down electricity subsidy in February

State subsidy on household electricity tariffs for February, for 90% of consumption up to 500 KWh per month was set at 4 cents per kilowatt hour or 40 euros per megawatt hour,  Greece’s Energy Minister announced on Tuesday. For higher consumption over 500 Kwh, the subsidy is linked to energy …

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Significant reduction in power bills coming in February

Significant reductions in electricity bills for household consumers in February were announced by the Public Power Corporation (PPC) and other power providers on Saturday. In the announcement, it was noted that the final consumer price depends on the amount of the electricity consumption subsidy announced every month by the Ministry …

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Electricity prices fall sharply in Greece

Wholesale electricity prices fell below 100 euros/MWh in Greece for the first time in 18 months. Electricity prices for tomorrow, Wednesday, January 18, were set at 86.77 euros/MWh in the Greek Energy Exchange, falling below the 100-euro barrier for the first time since August 2021, media report. Market analysts attributed …

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Gov’t announces subsidies for electricity, natural gas for December

Greece’s Ministry of Environment and Energy announced on Friday the subsidies for electricity and natural gas for the month of December. Electricity subsidies for households and businesses depend on the monthly consumption, while the natural gas aid is only for households and is horizontal, that is independent of residence size …

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Parliament approves bill on taxing electricity surplus profits

The Greek Parliament approved on Wednesday an amendment to tax surplus profits of electricity suppliers. According to the regulation, surpluses are defined as the difference between the “Reasonable Average Retail Price” to be determined by ministerial decision based on costs and a reasonable profit margin, and the actual price that …

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Greece proposed construction of power line to Austria, Germany

Greece has submitted a proposal for the construction of a direct electricity interconnection with Austria and Germany, with an initial capacity of 3.0 gigawatts, Environment and Energy Minister Kostas Skrekas revealed at the Renewable and Storage Forum on Thursday. “It is not an easy project but there is great need …

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Significant decrease in electricity prices expected in November

A significant decrease in electricity prices is expected as of November, following the reduction of both electricity prices on the energy exchange and international natural gas prices, the market reportedly estimates. These are the nominal prices which – according to the legislation – are announced by the suppliers every month. …

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