Electricity tariffs were further reduced in June
Electricity tariffs were further reduced in June
  Economy  |  Greece

Electricity tariffs were further reduced in June

The new price range in the sector
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RE+D magazine
22.05.2023

Tariff reductions for June (compared to those in force in May) were announced by the majority of electricity suppliers, following the decline in prices on the Energy Exchange.

Indicative electricity charges for the next month are as follows:

PPC announced the new charges which are 15.5 cents per kilowatt hour for consumption up to 500 kilowatt hours (versus 15.9 cents in May) and 16.7 cents for consumption over 500 kilowatt hours (from 17.1 cents in April). For the night current the charge will be 11.4 minutes, up from 11.8 in April.

Protergia Home Value: 0.1265 euros per kilowatt hour (from 0.1396)

Heron PROTECT 4 Home: 16.9 minutes per kilowatt hour (from 18.7)

Elpedison Economy: 11.4 cents per kilowatt hour (from 12.5)

NRG on time: 12.2 minutes per kilowatt hour (out of 14)

Watt&Volt Value: 12.65 cents per kilowatt hour (from 13.96)

Natural Gas Hellenic Energy Company MAXI Free: 12.3 cents per kilowatt hour (from 13.9)

Volterra: 11.98 cents per kilowatt hour (from 18.8)

Zenith Home Now: 13.9 cents per kilowatt hour (up from 11.5)

Volton Home: 15.6 minutes per kilowatt hour (from 16.63 )

From these prices, a government subsidy on tariffs is being deducted, that has already been announced and is 1.5 minutes per kilowatt hour.

The average electricity price on the Energy Exchange during the first 20 days of May is 114.13 euros per megawatt hour compared to 120.44 euros in April. The de-escalation of prices is attributed to the decline in international natural gas prices, which range from 30 euros per megawatt hour, to the relatively reduced demand due to weather conditions and to the increased participation of renewable energy sources in covering the demand.