Up to 42 % of electricity tariffs were reduced in the first quarter of 2024

Up to 42 % lower than in January, the ‘green’s of March are formed according to the announcements of suppliers posted on the Energy Regulatory Authority website. The comparison relates to the prices charged by the same supplier while the difference between the most expensive and cheapest current invoice of the first quarter of the year is even higher. In other words, consumers who have not changed their electricity supplier during this period will pay between 18 and 42 % lower prices for March consumption than in January. The invoice announcements show a return of prices at pre-crisis levels and it is indicative that two of the “green” tariffs are set below 10 cents per kilowatt hour. For the completeness of the comparison, consumers should take into account: – The level of fixed assets, which by law may not exceed EUR 5 per month but there are offers starting from lower levels. – The levels of consumption to which the charges apply. Most companies apply a single price for the whole consumption, others scale the charge as consumption increases. -The existence of a night meter for suppliers who still offer lower prices (on the Regulatory Authority website only PPC appears) – The conditions under which the discounts resulting from the final prices shown in the table, which are, where appropriate, consistent with the payment, the electronic dispatch of the accounts and the payment by fixed order are applied. The main cause of the price decline is the de-escalation of the international price of gas below EUR 30 per megawatt hour and during the respective period last year the price ranged to EUR 50. This de-escalation is in turn attributed to ensuring adequate supply despite the war in Ukraine, with loads of liquefied natural gas available in Europe and to reducing consumption due to favourable weather conditions. An important role in the Greek market was played by the institutional initiative of the Ministry of Environment and Energy to establish the specific “green” invoice that facilitated consumers to compare suppliers’ offers and stimulated competition. Source: RES – ICM

Exit mobile version