Elin

LNG demand in trucking, industrial sectors to rise in ’24

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LNG demand in the trucking and industrial sectors, through gas grid operator DESFA’s LNG truck-loading service, enabling refueling of consumption points situated at a distance from the country’s gas network, appears set to rise in 2024, energypress sources have informed.

An increasing interest by market players for more time slots at DESFA’s truck-loading infrastructure, maintained by the operator at its Revythoussa terminal to load tankers, serves as a definite sign of the anticipated rise in LNG demand.

DESFA’s truck-loading infrastructure was launched in October 2022, while a first operational test took place in March, 2022. Three companies, Blue Grid, DEPA Commercial, and Motor Oil Hellas, took part in the testing with LNG trucks. The service has since been operating without issues and offers potential to serve a larger capacity.

Two industrial producers, Fthiotis Papermill, in central Greece, and dairy company Kolios, in Kilkis, northern Greece, have completed developing LNG storage and gasification facilities that are expected to begin operating in March.

At least ten more industrial producers appear interested in following suit by the end of 2024, sources have informed.

LNG appears set to play a bigger role in the heavy-transportation sector, the majority of cargo transfers planned for export to North Macedonia and Bulgaria.

Four refueling stations being prepared by Blue Grid in Athens, Thessaloniki, Patras and Ioannina will help broaden the LNG truck-loading market. The first two of these four stations – in Thriasio, on Athens’ western outskirts, a collaboration with Elin, and in Thessaloniki’s Sindos area, a collaboration with Kolokithas Fuels, are planned to be ready early April.

LNG usage by trucks promises operating cost savings of as much as 30 percent and significantly improved performance in terms of environmental impact.

Low-level fixed tariffs appealing for consumers

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Fixed tariffs, which proved unpopular during the energy crisis as the absence of state subsidies – for this category – made them exorbitant, are now making a strong comeback.

Dubbed “blue tariffs” under the country’s new tariff system set to be introduced January 1, fixed tariffs have regained their appeal among consumers as the mild winter weather conditions in Europe and low natural gas prices have kept wholesale electricity prices at unusually low levels for this time of the year.

This is enabling fixed tariffs to be set at prices not expected to exceed variable green tariffs by more than 3 or 4 cents per KWh when they are also introduced at the beginning of the new year.

To date, five electricity retailers – PPC, Protergia, Elpedison, Heron and Elin – have announced new fixed tariffs, or blue tariffs, ranging between 14.9 and 17.9 cents per KWh. Other suppliers are expected to follow.

At such levels, many consumers are expected to opt for slightly higher-cost fixed tariffs rather than have to go shopping for the lowest-cost variable tariffs each month.

All this applies under the condition that the average wholesale electricity price for December remains at its current average of 105.07 euros per MWh all the way through the end of the month.

The new green tariffs being introduced at the start of the new year will be implemented automatically, for all consumers, unless they formally object and choose other categories.

Power utility PPC keeps October tariffs unchanged

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Power utility PPC, the Greek retail electricity market’s dominant player, has announced unchanged nominal tariffs for October.

PPC’s October tariff, for monthly consumption of up to 500 kWh, was left unchanged at 15.5 cents per kWh, as was the supplier’s tariff for consumption levels exceeding this limit, unchanged at 16.7 cents per kWh. The supplier also set a nighttime consumption rate of 11.4 cents per kWh.

Local electricity market rules require suppliers to announce nominal tariffs – not including subsidies – for each forthcoming month by the 20th of every previous month.

Elsewhere, Elpedison set a tariff of 8 cents per kWh for its Value program. Heron announced an October tariff of 13.32 cents per kWh for its Simply Generous Home offer, including a 15 percent quantity-indexed discount, applicable six months on. Heron’s new Generous Guarantee Home program, combining a tariff upper limit of 17 cents per kWh and a punctuality discount of 10 percent, was set at 8.55 cents per kWh.

Protergia announced a rate of 8.88 cents per kWh for its Value Plus package. Watt+Volt announced a nominal tariff of 8.88 cents per kWh for its Value+ program. NRG set a tariff of 8.7 cents for its On Time+ program, including a 40 percent punctuality discount.

Zenith announced a rate of 7.9 cents per kWh for its Power Home for All program and a nighttime tariff of 6.9 cents per kWh. The supplier’s Power Home Go Electric program offers a daytime tariff of 7.5 cents per kWh and a nighttime rate of 6.5 cents per kWh.

Volton set a tariff of 9.45 cents per kWh, including a punctuality discount, for its Volton Energy Control program, whose rate without the discount works out to 12.60 cents per kWh. The company’s new Volton Energy Free program, offered free for the first month and including a punctuality discount, was set at 9.92 cents per kWh. This package’s tariff without the punctuality discount is 12.4 cents per kWh.

Fysiko Aerio kept its October tariff unchanged, offering a rate of 12.4 cents per kWh for its Maxi Free+ program, which, when factoring in an attached punctuality discount, drops to 9.2 cents per kWh.

Elin lowered its October tariff for the company’s Power On! Home Bonus package by 5 percent. As a result, the current month’s tariff of 13.5 cents per kWh for this package will be reduced to 12.8 cents per kWh, including a punctuality discount, in October.

PPC, independent suppliers announce unchanged tariffs

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Power utility PPC, the Greek retail electricity market’s dominant player, and the country’s independent suppliers have announced unchanged nominal tariffs for August, compared to levels offered in June and July.

Local electricity market rules require suppliers to announce their nominal tariffs for each forthcoming month by the 20th of every previous month.

PPC’s August tariff for monthly consumption of up to 500 kWh was left unchanged at 0.155 euros per kWh, as was the supplier’s tariff for consumption levels exceeding this limit, unchanged at 0.167 euros per kWh.

The power utility’s decision to maintain its nominal tariffs at these levels suggests the government could once again offer low-voltage consumers subsidies in August. Consumers were offered subsidy support of 0.015 euros per KWh for June and July, when PPC’s nominal tariffs were equivalent to the levels just announced for next month.

Elsewhere, Heron announced an August tariff of 0.0855 euros per kWh for its Simply Generous Home offer, including a 10 percent discount for all, as well as a tariff of 0.1416 euros per kWh for its Generous Home offer, including a punctuality discount. Without this discount, the offer’s tariff level rises to 0.1770 euros per kWh.

Protergia announced a tariff of 0.0946 euros per kWh for its Protergia Home Value package and a 0.1098 euros per kWh tariff for its Home MVP Reward offer.

Elpedison set tariffs of 0.08 euros per kWh for its Elpedison Green Economy offer and 0.148 euros per kWh for its Elpedison Punctuality Day offer.

Fysiko Aerio announced a tariff of 0.085 euros per kWh. Volton set a tariff of 0.0945 euros per kWh, including a punctuality discount, and 0.1260 euros per kWh for its Volton Energy Control package, without a punctuality discount.

NRG set a tariff of 0.0959 euros per kWh, including a 30 percent punctuality discount, for its NRG On Time offer, which reaches 0.137 euros per kWh without the discount.

Zenith announced a tariff of 0.173 euros per kWh for its Zenith Home Basic offer, for monthly consumption of up to 270 kWh, and a tariff of 0.144 euros per kWh for its Zenith Power Home Now offer.

Watt & Volt announced a rate of 0.1098 euros per kWh, including a punctuality discount, for its Watt & Volt Reward package.

Elin set a tariff of 0.12 euros per kWh, with a punctuality discount, for its Elin Power On! Home Bonus package. Volterra announced a rate of 0.1398 euros per kWh.

PPC basic tariff unchanged at 15.5 cents/KWh for July

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Power utility PPC, the Greek retail electricity market’s dominant player, has announced an unchanged basic low-voltage tariff for July, resetting its offer at 15.5 cents per KWh for monthly consumption of up to 500 KWh.

It remains unclear – for the first time since subsidies were introduced during the energy crisis – if the state will continue offering consumers cost support next month. The new government to emerge from the general election’s second round of voting this Sunday will decide on the issue.

PPC set a July tariff for monthly low-voltage consumption in excess of 500 KWh at 16.7 cents per KWh.

Ahead of the ongoing general election, the incumbent center-right New Democracy government provided subsidies worth 1.5 cents per KWh for June.

This support reduced PPC’s basic tariff to 14 cents per KWh and the tariff for consumption exceeding 500 KWh to 15.2 cents per KWh.

Based on recent rules introduced during the energy crisis, electricity suppliers are required to announce their tariffs for each forthcoming month by the 20th of every preceding month, the purpose of this demand being to intensify competition.

Protergia announced a July tariff of 11.15 cents per KWh for its Protergia Value program. Heron set a July price of 14.32 cents per KWh for its GENEROUS program as well as a tariff of 8.55 cents per KWh for its SIMPLY GENEROUS HOME, including a 10 percent discount. Elpedison announced a tariff of 17.90 cents per KWh for its Elpedison Economy program.

NRG set a July nominal tariff rate of 13.20 cents per KW. Volterra’s electricity tariff for household and business consumption was set at 13.98 cents per KWh. Volton’s offer was set at 9.45 cents per KWh, including a punctuality discount, and 12.60 cents per KWh without this discount.

Watt+Volt announced a tariff of 11.15 cents per KWh for its Value program. Zenith’s offer is 14.40 cents for its Power Home program.

Fysiko Aerio’s residential MAXI FREE+ program offers a tariff of 9.20 cents per KWh, including a punctuality discount.

Elin set a July rate of 12.5 cents per KWh for its Power On! Home Bonus, including a punctuality discount.

 

 

 

 

 

PPC announces €0.1550/KWh residential tariff for June

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Power utility PPC, the retail electricity market’s dominant player and, as a result, trend setter, has announced just a mildly reduced tariff for June, to 0.1550 euros per KWh, from May’s price of 0.1590 euros per MWh, for monthly residential consumption of up to 500 KWh.

Factoring in the government’s electricity subsidies for June, already announced, PPC’s finalized price for next month is 0.1400 euros per KWh.

PPC’s June tariff – without subsidies – for consumption of over 500 KWh, has been set at 0.1670 euros per KWh, while its nighttime tariff is 0.1140 euros per KWh.

The country’s electricity suppliers announced their tariffs for next month on May 20, based on market rules requiring all suppliers to deliver their respective tariffs for each forthcoming month by the 20th of every preceding month.

Volton announced an offer of 0.099 euros per KWh, including a punctuality discount, as part of its Volton Energy Control package.

Volterra announced a price of 0.11980 euros per KWh, not including subsidies.

Elin set a rate of 0.129 euros per KWh, not including subsidies, for its Power On! Home Comfort package.

Watt+Volt’s price for June is 0.12650 euros per KWh, without subsidies.

NRG announced a tariff of 0.12200 euros per KWh for its NRG On Time offer, which drops to 0.10700 euros per KWh with subsidies and 0.07040 euros per KWh with a punctuality discount.

Zenith announced a price of 0.09900 euros per KWh without subsidies and 0.08400 euros per KWh with subsidies.

Protergia’s June offer is 0.150 euros per KWh, which falls to 0.1265 euros per KWh when factoring in subsidies.

Fysiko Aerio’s residential Maxi Free Basic package offers a tariff of 0.1550 euros per KWh without subsidies, which drops to 0.120 euros per KWh with subsidies and a punctuality discount.

Heron announced, for its Simply Generous Home package, a June tariff of 0.1250 euros per KWh that falls to 0.1125 euros per KWh when including a monthly 10 percent discount, and 0.0975 euros per KWh with subsidies.

 

PPC trims nominal tariff for May to 15.9 cents/KWh

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Power utility PPC, the country’s dominant supplier and, as a result, price trendsetter, has announced a slightly reduced nominal tariff – without a subsidy deduction – for May, down roughly 3.5 percent to 15.9 cents per KWh from, 16.5 cents per KWh in April, for household monthly usage of up to 500 KWh.

By law, introduced last summer, all suppliers are required to announce their nominal tariffs for each forthcoming month by the 20th of each preceding month.

PPC set its nominal tariff for monthly electricity usage over 500 KWh at 17.1 cents per KWh from 17.7 cents in April.

Elpedison announced a nominal tariff of 12.5 cents per KWh for its Elpedison Economy package and a rate of 21.50 cents per KWh for its ElectricityHome Day package.

Heron set a nominal tariff of 19.40 cents per KWh for its Generous Home offer, which, when factoring in a punctuality discount, works out to 15.52 cents per KWh. Heron announced a nominal tariff of 14.2 cents per KWh for its Simply Generous Home offer, which includes a gift covering 10 percent of electricity usage.

Protergia announced a nominal tariff of 19 cents per KWh for its residential MVP Reward package, unchanged from its level set for April. Factoring in a punctuality discount offered by the company, this tariff level drops to 13 cents per KWh. Protergia has also launched a Protergia Home Value offer, priced at 13 cents per KWh for May. This offer does not include a punctuality discount.

Elsewhere, Volterra announced a nominal tariff of 18.8 cents per KWh for May; Volton set a price of 9.9 cents per KWh, including a punctuality discount, or 13.2 cents per KWh without; Zenith set a rate of 11.5 cents per KWh for its Power Home Now package; Watt+Volt announced a rate of 13.96 cents per KWh; Fysiko Aerio set a rate of 13 cents per KWh, unchanged from April and down to 10 cents per KWh when taking into account a discount for punctual electricity bill payments; and Elin announced a price of 13.9 cents per KWh for its Power On! Home Comfort package.

The energy ministry is expected, next week, to announce its subsidy support level for May. If this support amount is unchanged compared to the previous month, finalized residential retail tariffs will be slightly lower in May.

 

 

 

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.