Feed-in tariff

Prices are now lower than the amount after subsidies - DEI dominates with loyal customers and the green tariff prevailing - Mobility only among private suppliers - Room for even greater reductions

Cyprus' Ministry of Energy, Trade and Industry is set to revolutionize Cyprus' housing landscape with a groundbreaking "Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025."

Underscoring the nation's commitment to sustainability, stakeholders are invited to provide valuable input during the consultation process. 

The time to choose colored electricity tariffs has arrived and consumers will be pleasantly surprised, since the prices across the range of rates are lower than what they have been paying until now with subsidies.

As consumers struggle to find which set of power rates is ideal for them out of the "green," "blue," "yellow" and "orange" categories to be introduced from January 1, blue tariffs appear to be beating the green and yellow floating tariff.

Helleniq Renewables has succeeded in obtaining investment subsidies for three energy storage facilities in its Thessaloniki facilities, with a total power of 100 MW.

The facilities will be connected to the national power grid and their operation licenses are for 25 years.

Investment in the three facilities will be subsidized to the tune of €200,000 per MW.

The 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.

Wholesale electricity rates may have fallen from €104.98 euros per megawatt-hour in May to €86.90/MWh in June (to date), but this significant reduction will not be reflected in the bills consumers will receive for July, based on kilowatt-hour prices announced by providers.

Greece was among the cheapest markets in Europe in terms of the price of electricity paid by households in the fourth quarter of 2022, while in the same period it had the most expensive wholesale markets. 

Reduced tariffs in June (compared to those in May) were announced by the majority of electricity suppliers, following the decline in prices on the Energy Exchange.

The summer schedule for lower household electricity tariffs at off-peak times will take effect from Monday, May 1, and will last until October 31, the Hellenic Electricity Distribution Network Operator SA (ADMIE) announced on Thursday.

The summer schedule for the residential night-time tariff provides reduced rates between 11 p.m. and 7 a.m.