Household electricity prices in September will range from as low as €0.02 per KWh, well below pre-crisis levels, to €0.16 per KWh, given the government’s latest subsidy plan for the month, offering €0.639 per KWh for all households and all suppliers, a support package based on September’s price levels announced by power utility PPC, supplying the majority of Greece’s households and businesses.

The government’s subsidy package is based on an intention to lower household electricity prices to August levels (€0.15-€0.16/KWh), which led to a subsidy offer of €0.639 per KWh.

PPC set its price for September at €0.788/KWh for the first 500 KWh of consumption and €0.80/KWh for consumption beyond this level. Deducting the government’s €0.639 subsidy offer takes the resulting price for consumers to between €0.149 and €0.161/KWh, the levels charged in August.

As for other suppliers, Protergia’s resulting price, once the subsidy has been factored in, is €0.14313/KWh, down from the nominal price of €0.78213 cents.

Elpedison’s nominal rate for September was set at €1.0864/KWh, minus a €0.40/KWh Elpedison Loyalty Pass discount, taking the offer to €0.6864, which, following the government’s subsidy deduction, results in a net charge of just €0.029/KWh.

Heron’s €0.75/KWh price works out to a net charge of €0.111/KWh once the government’s €0.639/KWh subsidy has been factored in.