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New conditions are taking shape in the electricity market, as consumers face higher power costs and look for ways to protect themselves from further price increases.

The 21% rise in the wholesale price of electricity in August has already affected bills, driving up green tariffs. The average charge came to 20.7 cents per kilowatt-hour, adding to households’ concerns over energy costs.

Fixed Electricity Rate at 11.5 Cents from DEI

Against this backdrop, DEI (the Public Power Corporation) has made a particularly competitive commercial move, offering a 12-month blue fixed-rate plan at just 11.5 cents per kilowatt-hour. The plan also carries a monthly standing charge of 3.5 euros, considered very low for the current market.

Choosing a fixed-rate plan gives consumers more predictability, since the energy charge stays the same for the length of the contract, regardless of fluctuations in the wholesale market.

What the Move Means for Consumers

The wide gap between the average charge on green tariffs and this blue tariff offer creates new considerations for anyone thinking about switching plans. Consumers are encouraged to compare not only the price per kilowatt-hour, but also the monthly standing charge, the length of the contract, any early termination penalties, and the terms of each offer. Choosing a fixed-rate plan can act as a shield against further increases, but that doesn’t automatically make it the best solution for every household.

Energy analyst Michalis Christodoulidis spoke about the data on “Koinonia Ora MEGA.”

Electricity Tariffs – September

Wholesale price increase in August: 21%

Green tariffs: 14.8 to 29.7 cents/kWh → Average charge: 20.7 cents/kWh (up from 19.3 cents/kWh in August), a 7% rise

How to Choose the Right Type of Tariff

  • Variable-rate tariffs are usually more cost-effective for low consumption.
  • Blue (fixed-rate) tariffs are usually more cost-effective for medium and high consumption.

What to Check Before Choosing a Tariff

  • The price per kilowatt-hour: how long it applies for, and whether it changes based on consumption volume.
  • The standing charge: the plan’s fixed monthly cost.
  • Early termination penalties: whether there’s a fee for ending the contract before it expires.
  • Loyalty discounts: the size of the discount and the conditions required to qualify.
  • Standing payment orders: whether setting one up is required to receive a discount or benefit.