Elin

Suppliers cut prices for April, PPC rate at 16.5 cents/KWh

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The country’s electricity suppliers have announced a latest round of tariff reductions for April, power utility PPC, the market’s dominant player, leading the way with a greater-than-expected 16 percent price reduction.

PPC set an April rate of 16.5 cents per KWh for monthly consumption of up to 500 KWh, down from 19.5 cents per KWh for March, as well as a rate of 17.7 cents per KWh, down from 20.7 cents per KWh in March, for monthly usage exceeding 500 KWh.

Based on recent law, electricity retailers in Greece are required to announce their tariffs for each forthcoming month by the 20th of every preceding month.

The retail price reductions for April, which had been anticipated as a result of falling wholesale electricity prices of late, will essentially not lower energy costs for users, but the government, which has been providing subsidies throughout the energy crisis to limit residential tariffs to levels of between 15 and 16 cents per KWh, will be able to greatly decrease, or even zero out, its outlay on subsidies and keep tariffs at a level it desires.

Independent supplier Heron announced an April price rate of 15.68 cents per KWh, including a punctuality discount, for its Generous Home package. The supplier’s rate without the discount was set at 19.6 cents per KWh.

Elpedison announced a price of 19.5 cents per KWh for its Electricity HomeDay package as well as a 12.5 cents per KWh for its Elpedison Economy offer.

Protergia set an April rate of 19.98 cents per KWh, regardless of usage level, for its residential Energy Save offer, as well as a price of 13.98 cents per KWh for its residential MVP Reward package, including a punctuality discount, or 19.98 cents per KWh without this discount.

Elsewhere, NRG’s rate for its On Time offer was set at 13.94 cents per KWh, when factoring in a punctuality discount, or 16.4 cents per KWh without the discount.

Volton’s rate for April is 16.4 cents per KWh with a punctuality discount and 17.26 cents per KWh without.

Fysiko Aerio set an April price of 10.4 cents per KWh, including a punctuality discount, for its Maxi Free package, whose rate is 13.9 cents per KWh without the discount.

Volterra set a rate of 18.8 cents per KWh. Watt & Volt announced a price of 19.95 cents per KWh, regardless of consumption level, for its Zero package, as well as a rate of 14 cents per KWh, plus a fixed charge of 3 euros per month, for its Value package.

Zenith set an April rate of 16.4 cents per KWh for its Power Home Basic package. Elin set a rate of 14.8 cents per KWh for its Power On! Home Comfort offer.

Power retailers set higher January prices, up at least 25%

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The country’s electricity suppliers have announced significantly higher household power prices for January, up at least 25 percent compared to December, driven higher by a latest wholesale electricity price surge.

The government is expected to provide electricity subsidies that will bring down January’s retail prices to a level of between 15 and 17 cents per KWh.

A recently introduced domestic market rule requires the country’s electricity retailers to announce their retail prices for each forthcoming month by the 20th of the preceding month.

Power utility PPC, the dominant player, announced a January price level of 48.9 cents per KWh for monthly consumption of up to 500 KWh and 50.01 cents for consumption over this level, a 29 percent increase from December.

Elpedison announced a price of 45 cents per KWh for its Electricity HomeDay package, up from 35 cents in December.

Heron’s January retail price was set at 36 cents per KWh, including a punctuality discount. This supplier’s offer reaches 45 cents per KWh without the discount.

Protergia’s residential MVP Plus offer was set at 44.8 cents per KWh. Watt + Volt’s Zero Plus offer was priced at 45.9 cents per KWh. Fysiko Aerio announced a rate of 35.8 cents per KWh for its MAXI Free BASIC package, a price level including a punctuality discount. Zenith’s January price for its Power Home Basic package is 46.5 cents per KWh. NRG’s offer for its NRG Prime package is 44 cents per KWh.

Volton announced a price of 44.9 cents per KWh. Volterra set its price at 51.8 cents per KWh, while Elin’s rate was set at a standard level of 37.5 cents per KWh, regardless of consumption level.

 

Suppliers announce reduced power tariffs for December

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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.

 

November retail electricity prices down by more than 30%

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The country’s electricity suppliers have announced reduced tariffs for November of more than 30 percent compared to the current month’s levels, a drop attributed to projections for a further de-escalation of wholesale electricity prices in November as a result of a plunge in international gas prices.

Power utility PPC, Greece’s dominant electricity retailer, has reduced its tariff for households to 39.7 cents per kWh for its low-consumption category of up to 500 kWh, a 33 percent reduction compared to November’s price of 59.5 cents per kWh. PPC’s tariff for consumption exceeding 500 kWh was set at 40.9 cents per kWh for November.

Based on new law, suppliers are required to announce their electricity prices for the forthcoming month by the 20th of each preceding month.

Independent supplier Elpedison announced a November price of 38 cents per kWh for its Electricity Home Day package, down roughly 36 percent compared to October’s price of 59.05 cents per kWh. This offer does not include fixed charges.

Protergia’s price for November was set at 39.5 cents from 57.63 cents in October. Heron’s November price for its GENEROUS Home package, which includes a 20 percent punctuality discount, is 37.6 cents per kWh from 55.8 cents in October, a 32 percent reduction.

Elsewhere, Zenith dropped to 38.5 cents per kWh from October’s 58.9 cents, a reduction of approximately 35 percent; Watt & Volt fell to 40.6 cents from 58.9 cents; Elin went to 39.5 cents per kWh from 59.9 cents; Fysiko Aerio dropped its price to 35 cents per kWh from 59.4 cents in October, and Volton set a November price of 39.6 cents per kWh.

PPC’s October tariff down 25%, similar cuts by all players

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Power utility PPC, the dominant retail player, has announced an October tariff for households of 0.595 cents per KWh, 25 percent lower than the September tariff offered by the utility.

This 25 percent month-to-month reduction rate more or less applies for October household tariffs offered by all the country’s suppliers, who have just announced their tariffs for next month.

Under new market rules, electricity retailers must announce their tariffs for forthcoming months by the 20th of each preceding month.

PPC’s tariff of 0.595 cents per KWh is for monthly consumption of up to 500 KWh. The utility’s tariff for consumption over this level was set at 0.607 euros per KWh.

Protergia announced an October household tariff of 0.57630 euros/KWh. Elpedison’s October tariff was set at 0.5905 euros/KWh. Heron’s new tariff is 0.698 euros/KWh, with a punctuality discount rate of 20 percent that reduces its level to 0.5584 euros/KWh. Elsewhere, October household tariffs are: Volterra, 0.685 euros/KWh; Fysiko Aerio, 0.594 euros/KWh; Zenith, 0.589 euros/KWh; Watt+Volt, 0.5890 euros/KWh; Elin, 0.599 euros/KWh; Volton, 0.589 euros/KWh.

In September, the government spent 1.9 billion euros on electricity subsidies to contain retail prices at levels of between 14 and 16 cents per KWh.

Subsidies for October, to be inversely related to consumption, are scheduled to be announced today.