Electricity market
Energy rates at highs unseen since the energy crisis
The wholesale electricity markets of South and Eastern Europe are seeing prices reminiscent of the energy crisis, led by the Hungarian market, where the rate on Wednesday shot up to 263.99 euros per megawatt-hour.
Electricity rates refuse to decline
The energy crisis may be a thing of the past, but the Greek wholesale electricity market remains one of the most expensive in Europe, with the average price being the fourth highest in the European Union in both 2023 and the first quarter of 2024.
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Kasselakis unveils plan for European elections
Confirming that the issue of soaring prices will spearhead the party going into the European elections, SYRIZA leader Stefanos Kasselakis decried inflationary and speculative suffocation policies, which, he said, the government has consciously adhered to.
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Commission to investigate PPC for potential breach of EU antitrust policy
The European Commission informed the Greek electricity provider Public Power Corporation (PPC) on Wednesday of its preliminary view that PPC has breached EU antitrust policy by selling electricity in the Greek wholesale market below cost, thereby excluding its main rivals.
Smart meters to launch on Jan 1
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.
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New electricity tariffs and extra subsidy
Environment and Energy Minister Thodoros Skylakakis on Thursday announced a series of measures regulating the electricity market that aim to protect retail customers after the horizontal subsidies stop on January 1, 2024. There will also be a subsidy for up to some 1.2 million vulnerable consumers, he stated.
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Skylakakis announces measures to protect electricity consumers, vulnerable households
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.
Bulgaria’s PM: We will not allow Electricity to become more Expensive
"We will not allow an increase in the price of electricity for household consumers after the complete liberalization of the electricity market". This was stated by Prime Minister Academician Nikolai Denkov before the start of the regular government meeting today.
Electricity prices are spiking
Even with a slight drop Monday, Greece's wholesale electricity market remained the most expensive in the European Union.
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Transition period for electricity tariffs
The Ministry of Environment and Energy is aiming for the abolition of emergency measures in the retail electricity market in September but also for a return to normality from December or even the new year, and not on October 1 as expected.
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