Protergia

Hello, we’ve just come out of a satisfying long weekend for the October 28th holiday with a lot of traffic on the national highways as well as the Attiki Odos, which now inevitably needs to be expanded in the coming years because, simply put, it can’t hold us all anymore.

"Green" residential electricity tariffs are reduced by 6-17% in October, while two suppliers (Heron and Protergia) have kept the prices stable for the fourth month in a row.

The prices range from 13.974 to 18.558 cents per kilowatt hour, while 12.062 cents is the charge for PPC's night tariff.

A reduction of 6.1% will show up on green household electricity bills in October, the Public Power Corporation said on Tuesday.

PPC's green rate for up to 500 kW will be 14.96 cents/kWh in October, compared to 15.94 cents/kWh in September.

DES increased its retail share of Public Power Corporation as for July, which was the month of big current price increases, it increased its market position to 54.18% from 52.5% in June.

Fifty-five percent from 52.5% of the previous year’s 52.5%, up from 52.52% in 2002.

To put out the fires lit by the heatwave and July’s wide fluctuations in the wholesale price of current for a fortnight, the government has succeeded in keeping the electricity kilowatt-hour below 15 cents with the support of power generators and the big discounts offered by the PPC.

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.

Metlen Energy & Metals announced the conclusion of the agreement to acquire all the shares of electricity producer, trader and supplier Volterra on July 25.

Some of the wholesale electricity price hikes may well, after all, be absorbed by the market in August, as shown by Wednesday's announcement by Protergia - Greece's second largest provider - to keep tariffs unchanged from July levels. In addition, Protergia will also absorb the increases for small businesses, which cannot be subsidized without prior approval from the European Commission.

For July, the Public Power Corporation (PPC) is offering the second-largest discount since the introduction of special tariffs earlier this year, keeping green electricity rates low for most consumers. The PPC’s 31% discount absorbs a significant portion of June’s 22% increase in wholesale prices, resulting in a household electricity rate of 0.1355 euros per kilowatt-hour.

Mytilineos announced on Wednesday that its energy arm, Protergia, will introduce energy provenance tracking and tracing features in Greece, in partnership with Powerledger.

With the Powerledger platform, Mytilineos and Protergia's consumers can now track, trace and visualize where their energy comes from in near-real time, and track their carbon footprint granularly.