Gas rates slash electricity cost

The time to choose the right electricity rate has come, and the universe seems to have conspired with consumers and supported the efforts of the minister of environment and energy, Thodoros Skylakakis, to reduce prices.

The transition to subsidy-free tariffs, to the great relief of the relevant authorities, coincides with a very favorable period of de-escalation in the price of natural gas, which is the main parameter shaping the cost of electricity in the wholesale and retail market.

The price of gas - which shapes that of electricity - remains at low levels, giving providers the opportunity to kick off the new year with low prices on tariffs of all colors. Consumers will have to choose between cheap and cheaper rates, paying less than they did before with the subsidies, regardless of color (green, blue, yellow) of the tariff they choose.

It is even estimated...