Consumers to adjust energy use via alerts

In an effort to protect consumers from soaring energy costs, Greece's Regulatory Authority for Energy (RAAEY) has announced a new initiative aimed at providing timely notifications regarding fluctuations in electricity prices. 

Under this program, households equipped with smart meters will receive SMS or Viber notifications informing them when wholesale electricity prices are projected to exceed €150 per megawatt-hour.

This timely alert system will enable consumers to adjust their electricity consumption proactively, reducing their financial burden during peak price hours. If prices rise above €200, immediate alerts will be dispatched, encouraging consumers to further minimize usage.

The initiative represents a key component of RAAEY's broader strategy to introduce dynamic pricing, a system where electricity rates fluctuate based on real-time market conditions....