Power utility PPC, the Greek retail electricity market’s dominant player, has just announced a slightly reduced household electricity price for December, at 38 cents per kWh for monthly consumption levels of up to 500 kWh and 39.2 cents per kWh for monthly consumption levels of over 500 kWh, down from respective rates of 39.7 cents per kWh and 40.9 cents per kWh in November.
Under recently introduced new rules, suppliers are required to announce prices for each forthcoming month by the 20th of the preceding month.
Elpedison reduced the household tariff level of its Electricity Home Day offer to 35 cents per kWh for December, from 38 cents per kWh in November.
Heron’s Generous Home offer, including a 20 percent punctuality discount, dropped to 30.4 cents per kWh.
Protergia reduced its December tariff to 36.8 cents per kWh, from 39.5 cents per kWh a month earlier.
Fysiko Aerio announced a December price of 31.8 cents per kWh, which drops to 29.8 cents per kWh if factoring in the supplier’s punctuality discount.
NRG announced a price of 36.8 cents per kWh, as well as 31.9 cents per kWh for its Prime program.
Watt+Volt reduced its rate to 38.9 cents per kWh from 40.6 cents per kWh. NRG
Volton announced a December rate of 36.67 cents per kWh, while Elin’s rate dropped considerably to 28.5 cents per kWh from 39.5 cents in November.
Government subsidy support for consumers will bring down these retail levels to between 15 and 16 cents per kWh, unchanged from the previous month. Given the lower prices announced by suppliers, the government’s subsidy contributions will be reduced.
For November, the government needed to provide 430 million euros in subsidies, through the Energy Transition Fund, to subdue retail electricity levels at 15 to 16 cents per kWh.