Financial incentives for photovoltaics
Electricity rates to come down
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.
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‘Blue’ power rates gain traction
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.
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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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Greece’s electricity bill state subsidies for August
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.
Little change in Greek power rates for next month
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.
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Reduced electricity tariffs for June
The majority of electricity suppliers have announced reduced tariffs in June (compared to those in May), following the decline in prices on the Energy Exchange.
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Expensive MWh, cheap KWh
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.
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Reduced electricity tariffs in June
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.
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Fall in gas prices reducing subsidies cost
The fall of natural gas prices and the nominal electricity rates issued by providers for February, which are 60% less expensive than those of January and quite similar to pre-crisis levels, is leading to a major easing of pressure on state coffers.
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Major reduction in February power rates
Greece's power suppliers have announced significantly reduced electricity tariffs for February, with Public Power Corporation (PPC) saying that its rate is down 57-64% compared to January.
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