RAE, the Regulatory Authority for Energy, has just announced its approval of lower natural gas tariffs for small-scale consumers, including households, in the wider Athens, Thessaloniki and Thessaly regions.

In some cases, the reductions are greater than the reduction to the special consumption tax (EFK).

RAE took into account the operating costs of the three regional EPA supply companies covering the wider Athens, Thessaloniki and Thessaly regions, it announced.

The authority based its calculations on an international formula, while also factoring in the local market’s particularities.

All consumers will have access to more than one gas supplier as of January, 2018, meaning that competition will intensify in the sector.