Protergia, a member of the Mytilineos group, has become the country’s first electricity supplier to announce a shorter-term, six-month tariff following a revision of regulations enabling fixed tariffs to be shorter than the original one-year period required by new tariff rules introduced January 1.

Protergia’s fixed tariff, or blue tariff, as dubbed in Greece’s new color-coded tariff system, comes at an appealing price of less than 13 cents per KWh, according to local price-comparison website allazorevma.gr, well below an average of 15.5 cents per KWh recorded by variable tariffs in 2023.

The supplier’s initiative suggests competition in the fixed-tariffs category will be intense. Also, variable tariffs, based on wholesale price forecasts, appear headed for a slight reduction.

Consumers wanting to avoid regular price comparisons of variable tariffs in the coming months will have plenty of appealing fixed-tariff offers to choose from.

Under the country’s new tariff system, color-coding tariff categories for easier price-comparing ability, fixed tariffs, or blue tariffs, as well as variable tariffs, either yellow or green tariffs, were introduced January 1. Though yellow and green tariffs are both variable tariffs, the former are set at the end of each month, and, as a result, represent less of a risk for suppliers.

Also, later this year, officials plan to launch dynamic tariffs, to be dubbed orange tariffs, offering low-voltage consumers equipped with smart meters the ability to take advantage of fluctuations in wholesale electricity prices. The plan to install smart meters around the country now appears set for launch following years of delay.