Fixed power tariffs fall below €0.15 per kWh

However, according to sources at the Ministry of Environment and Energy, the market currently offers a number of fixed electricity tariffs priced below €0.15 per kWh.

According to the same sources, this significantly differentiates the current situation from the previous energy crisis. During 2022–2023, the government introduced substantial subsidies so that the final price paid by consumers stood at approximately €0.15 per kWh.

Under current market conditions, therefore, consumers seeking to limit their exposure to fluctuations in the wholesale market can lock in their electricity price for the next 12 months at levels below those that applied after government subsidies during the previous crisis.

Share of Fixed Tariffs Increases
At the same time, market data show that an increasing number of consumers are opting for fixed, or so-called “blue,” tariffs.

Their share rose to 31.62% in June, from 28.57% in January. Conversely, the share of “green” tariffs fell from 57% in January to 53% in June, although they remain the largest tariff category in the market.

The shift toward fixed tariffs is one of the key changes in consumer behaviour since the energy crisis, as it provides greater predictability in electricity costs.

Heating Support Package Also in Focus
Alongside developments in electricity prices, the Ministry of Environment and Energy is preparing to finalize the details of the heating support package announced by the government.

The package includes measures by both the government and refineries, with the aim of bringing the initial price of heating oil below €1.75 per litre on October 15, the level at which the previous heating season ended.

An increase in the heating allowance is also planned. The allowance is granted based on income and climate criteria and covers all heating sources, rather than heating oil alone.

The allowance is received by approximately 1.2 million consumers, while its fiscal cost reached €173 million last year.

Industry Calls for CISAF Measures Under Consideration
Particular emphasis is also being placed on industrial energy costs. According to government sources, any measures must remain compatible with fiscal constraints.

Against this backdrop, the government is also considering industry calls for the activation of the European CISAF (Clean Industrial State Aid Framework).

The European framework allows for temporary support for energy-intensive industries for a period of up to three years. Support may cover up to 50% of consumption, with the subsidy capped at 50% of the wholesale electricity price.

Companies benefiting from the framework must also allocate at least 50% of the subsidy to energy-efficiency investments.

Greece already implements measures to support industry, including compensation for the cost of emissions for large companies and reductions in Public Service Obligation (PSO) charges.

To date, four of the European Union’s 27 member states—Ireland, Bulgaria, Germany and Slovenia—have activated the CISAF framework. Of these, Ireland and Bulgaria do not cover the cost of compensation.

PSO Deficit Eliminated
A significant development has also been recorded in the Public Service Obligations (PSO) account, which covers, among other things, the higher cost of electricity supply to non-interconnected islands, as well as subsidies provided through the Social Residential Tariff.

During the January–July 2025 period, the account recorded a €136 million deficit. This year, following completion of the interconnection of Crete, the deficit has been eliminated, with the account now moving toward balance.

A cumulative debt of approximately €300 million from previous years nevertheless remains. To address it, a €200 million subsidy from the state budget is planned, while the remaining amount is expected to be covered through additional savings generated by the completion of the Cyclades electricity interconnections.

Particular importance is being attached to the interconnection of Santorini, given the island’s high level of electricity consumption.