Electricity Tariffs: at 1.6 cents per kilowatt-hour the exceptional support in August

At 1.6 cents per kilowatt hour, the extraordinary support on electricity bills for August consumption is set at 1.6 cents per kilowatt hour, the Ministry of Environment and Energy announced.

Thus, the final price for the majority of consumers (which depends on the tariff of each provider) is formed below 15 cents per kilowatt hour.

Specifically, according to the Ministry of Environment, the subsidies for electricity in household tariffs and for all supplies for primary and non-primary housing, without income criteria and irrespective of the provider, are as follows:

• For monthly consumptions up to 500kWh, the aid is set at EUR 16/MWh or 1.6 cents/kWh. This category covers 90% of households in Greece. The aid concerns consumers who are contracted to variable electricity tariffs.
• For households subscribed to the Social Household Tariff (SHT), the aid amounts to €50/MWh or 5 cents/kWh for the total consumption, while the final price after the subsidy will be at the pre-energy crisis level.

“The above are included in the measures taken by the Ministry of Environment and Energy to prevent the excessive burden on household electricity consumers from the increase in electricity prices, due to the recent electricity market malfunction in South-East Europe, which occurred within the last July,” the Ministry of Environment and Energy stresses.

Minister of Environment and Energy, Theo Skylakakis, said: “Based on the prices of the providers that have become known (covering more than 80% of the market), the final price for the vast majority of domestic electricity consumers is below 15 cents/kWh, following the exceptional support on electricity bills that we are announcing.”

The Deputy Minister of State for Environment and Energy, Alexandra Sdoukou, said: “The government acting immediately, as it did in the previous years of the energy crisis, maintains electricity prices for domestic consumers at an affordable level with the subsidy announced today and further supports the approximately 700,000 beneficiaries of the Social Household Tariff by bringing the final price down to 11.3 cents/kWh for the majority of these consumers.”

53% discount on PPC’s green tariff for August

At 16.391 cents per kilowatt-hour, the PPC’s “green” tariff for August announced today stands at 16.391 cents per kilowatt-hour, compared to 13.557 cents in July.

This price applies to consumption up to 500 kilowatt-hours per month, while for excess consumption the charge is 16.955 cents per kilowatt-hour, up from 14.385 cents. The tariff for night-time electricity for those with the corresponding meter is 14.934 cents per kilowatt-hour, up from 11.418 cents in July.

The August tariffs are expected to be announced by all suppliers in the next few months. However, Protergia and Heron have already announced that they will keep the tariffs stable at the July level.

According to company sources, PPC has for the third consecutive month catalytically held back wholesale electricity increases for the benefit of its customers, with the price of its green residential tariff for August (before any government subsidy) at EUR 0.16391/kwh, applying a 53% discount.

Similarly, in the green tariffs for professionals, PPC applies a 45% discount and the price per kWh is 0,18331. At the same time, its yellow tariffs are extremely competitive with August prices of 0.155 for the myHome4All yellow household tariff and 0.174 for the myBusiness4All yellow business tariff.

Similarly, the blue PPC tariffs, which have gained mass acceptance, have a guaranteed fixed price of 0.145 for 12 months for the blue myHomeEnter home tariff (0.142 for myHomeOnline) and 0.145 for 12 months for the blue myBusinessEnter business tariff.

Since the beginning of the year, PPC has been supporting Greek households and businesses with total discounts of more than 450 million euros, the same sources said, recalling that the average wholesale electricity price in July was 135.18 euros per megawatt-hour, up from 98.89 in June.

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