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Tag Archives: electricity

Reduced Winter off-peak electricity tariffs in Greece start on Nov 1

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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Gradual abolition of two fees will lower electricity bills

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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Subsidy on household electricity prices at 1.4 cents for September

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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Maximum subsidy of total 8 euros for electricity bills in August

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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Emergency state electricity subsidy for households in August

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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High power prices in Greece? “Blame electricity theft!” says Energy GS

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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Greece, Cyprus, Israel discuss electricity interconnection project

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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Energy Ministry announces power bill subsidies for Nov

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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Electricity prices in Greece up to 30% in November

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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Corfu hit by heavy thunderstorm disrupting airport operation

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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State subsidies for electricity bills in August

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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Israel to build subsea electric cable with possible Europe link

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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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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