The Greek Ministry of Environment and Energy announced the level of electricity bill subsidies related to March consumption, on Thursday, March 6.
For household electricity tariffs, both for primary and secondary residences, the subsidies apply without income criteria and regardless of the provider.
Specifically, for monthly consumption up to 500 kWh, the subsidy is set at 15 euros per MWh or 1.5 cents per kWh. This category covers 90% of households in Greece. The support applies to consumers on variable electricity tariffs.
Households enrolled in the Social Residential Tariff will receive a higher subsidy of 35 euros per MWh or 3.5 cents per kWh for their total consumption. The total cost of the subsidies for March amounts to 22.3 million euros.
Regarding the “green tariff,” which is variable, the average price for the three largest providers in the low-voltage market—who cover over 80% of household consumption—stands at 140.5 euros per MWh or 14.05 cents per kWh, including the March subsidy. This price has remained stable over the past three months.
Wholesale electricity prices across Europe have shown an upward trend over the past five months, reaching 82.74 euros per MWh in October 2024, 112.18 euros in November, 107.61 euros in December, 112.03 euros in January 2025, and peaking at 126.36 euros in February.
However, prices appear to be easing in March, with the current average at 89.47 euros per MWh, indicating a downward trend expected to continue.
Despite recent increases in wholesale electricity markets across the EU, retail prices in Greece remain stable for consumers, ensuring protection from fluctuations in energy costs.
