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> Economy

Electricity Price Hike Halted for September – Costs Remain Below €0.15 per kWh

Ministry Announcements Today on Consumer Support – Wholesale Prices Surge to €215 per Megawatt-Hour

Newsroom September 2 08:42

For most consumers, the green tariff for electricity will be less than 15 cents per kilowatt-hour in September following subsidies to be announced today by the Environment and Energy Ministry.

Suppliers obeyed the government’s admonitions and absorbed energy costs for the second month in a row, except non-vertically integrated groups (i.e. those that do not have their generation), some of which raised prices slightly, incorporating wholesale costs that ended at about the same level as in August.

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Tariffs
Thus for September, the prices announced gradually yesterday by the major power generators (PPC, Metlen, Heron, Elpedison) are moving in a single price range of 15.9 cents per kilowatt hour, a policy embraced respectively by Zenith and Elin.

They are followed by the other market players whose offers “chased” higher levels, approaching (without subsidies) or exceeding 19 cents per kilowatt-hour. These are NRG, which offered a tariff at 18.73 cents per kilowatt-hour, Natural Gas at 17.3 cents, and Volton at 19.4 cents.

Specifically, the PPC yesterday announced a 2.8% reduction in the September tariff, which is set at 15.94 cents/KWh for consumption up to 500 KWh. For higher consumption, the price is set at 17.1 cents/KWh, while the night charge is set at 12.8 cents/KWh with a fixed fee of 5 euros/month. Similarly, Protergia’s tariff remains stable for the third month with the Value Special residential tariff at 15.99 cents/KWh before the subsidy. Heron’s Basic Home tariff before the subsidy is at 15.87 cents/KWh.

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