Electricity cost up 13% in May, Athens prices among Europe’s lowest

The cost of electricity for households in Athens increased by 13 percent in May, compared to the previous month, but prices in the Greek capital remain among Europe’s lowest, according to a monthly study conducted by the Household Energy Price Index, covering 33 European cities.

Ljubljana registered the biggest electricity price increase for households in May, up 29 percent, followed by Riga (26%), Dublin (18%), Athens (13%) and Prague (6%).

In terms of electricity price levels in May, Athens was ranked 16th among the 33 cities on the HEPI list, with a price of 0.2377 euros per KWh, below the EU-27 average of 0.2717 euroe per KWh.

The cost of electricity in London in May was 0.4975 euros per KWh, followed by Rome (0.4932 euros per KWh), Copenhagen (0.4871 euros per KWh) and Vienna (0.4744 euros per KWh).

Athens’ relatively lower price in May was attributed to the government’s subsidy policy, while the 13 percent price increase in May resulted from a reduction of subsidies in May compared to April as a result of a de-escalation in wholesale electricity prices.

The Greek government’s subsidy package for June will be worth slightly less than that of May.