In May, Greek household electricity prices stood slightly above the EU average, according to data from the Hellenic Energy Regulatory Authority (RAE) — known in Greek as ΗΕΡΙ. The comparison accounts for both taxes and purchasing power across member states.
Greece Ranked 12th in EU Electricity Costs
The final price paid by Greek consumers was €0.301 per kilowatt-hour (kWh), compared to the EU average of €0.275/kWh — placing Greece 12th among the 33 European countries surveyed.
Fixed-Tariff Plans More Expensive Than Variable Ones
Notably, in May, fixed-rate electricity plans — including VAT — were more expensive than variable-rate ones. This reflects pricing for products newly offered on the market that month, not those already in effect from earlier periods.
Among the 15 countries included in this specific segment of RAE’s analysis:
- Greece ranked 10th for variable tariffs, with an average price of €0.239/kWh — well below the EU average of €0.2789/kWh.
- It ranked 5th for fixed tariffs at €0.294/kWh — above the EU average of €0.255/kWh.
Market Shift Toward Fixed Tariffs
Fixed-rate plans now hold around 30% of the Greek retail electricity market — up from 15% last year. In contrast, variable (“yellow”) tariffs have remained stable, while regulated (“green”) tariffs have declined.
Stability Across Europe
Across the EU, electricity prices showed overall stability in May. Of the 33 countries monitored:
- 10 saw slight increases,
- 14 remained unchanged,
- and 9 recorded minor declines.