Electric power distribution

Grid losses and power thefts in 2021 and 2022 have been ascertained by Greek power grid operator DEDDIE to amount to 500 million euros. The bill was sent to providers, which in turn are passing it on to consumers.

Therefore, while wholesale electricity prices are going down, consumers will see no benefit in April nor the next few months.

The Energy Ministry is preparing emergency measures to shield the grid and avoid blackout phenomena, as it has been found that transient events such as a lightning strike or smoke from a fire could even lead to a general blackout.

More than 250 million euros from the European Regional Development Fund (ERDF) will finance the first stage of high-voltage electricity infrastructure between the island of Crete and the Attica region, the European Commission announced on Thursday. 

Power rates may be going down thanks to the drop in fuel prices, but the regulatory charges continue to rise in electricity bills.

Since last May, the fees for the use of the grid, in favor of its operator (DEDDIE), have almost doubled, adding to an average household's energy costs 76 euros per annum (from €98 to €174) and they are set to rise further.

The vast majority (95%) of electricity consumers have chosen the so-called "green" rates (more than 85% of private providers' customers and almost all of Public Power Corporation's customers) and few seem willing to move to another tariff or provider, as they wait for February's rates to be set.

Environment and Energy Minister Theodoros Skylakakis announced the reading of meters for electricity consumption every month for all categories of meters by the Hellenic Electricity Distribution Network Operator (DEDDIE) in an interview with Antenna TV on Thursday.

Transport Minister Georgi Gvozdeikov addressed the recent snowfall's impact on Bulgaria's railway network, expressing relief that, as of 6 a.m. on Monday, the situation is gradually stabilizing. Speaking on Nova TV, Gvozdeikov highlighted the extreme challenges faced by over 30 teams battling heavy snow and strong winds to rectify the railway disruptions.

Special tariffs will come into effect on January 1 for consumers who use smart meters for electricity consumption, designed by electricity suppliers in compliance with the decisions of the Ministry of Environment and Energy for the new framework that will determine retail electricity as of 2024.

Environment and Energy Minister Thodoros Skylakakis announced on Thursday a series of measures regulating the electricity market that aim to protect retail customers after the horizontal subsidies framework stops on January 1, 2024.

With three new and more efficient natural gas units joining the national grid in 2025, the financial survival of older ones is at stake. 

However, if too many of the old providers quit the market, there will be a problem of sufficiency, the authors of the National Plan for Climate and Energy note.