Among PPC’s Dec. offerings, a standout is the new fixed “blue” myHome Plan, launched with a 100 euros promotional bonus.

Over 15,500 cases of illegal electricity use have been detected across Greece this year, with Ikaria, Mykonos, and Rhodes showing the highest rates, prompting stricter fines and enhanced monitoring

Like the existing “blue” fixed-rate tariffs, the upcoming “red” tariffs are expected to remain an attractive refuge for households unsettled by the sharp swings in wholesale electricity prices over the past three months.

From November 1, consumers can access lower electricity rates during off-peak hours under the seasonal dual-rate system, which will remain in effect until March 31, 2026

Electricity prices in Greece have jumped sharply for a third consecutive month, with average wholesale costs rising more than 50% since August due to calm weather, reduced wind power, and increased reliance on costly natural gas units.

For September, Greece’s average electricity price is 90.99 euros/MWh, up nearly 19% from 73.73 euros in August.

Providers cut power bills as wholesale electricity prices fall; Greek PM Mitsotakis’ threat of a price cap seen as ineffective.

On Greece’s day-ahead market, the average wholesale electricity price for July 25 has spiked to 142.59 euros per megawatt-hour (MWh) — the highest recorded since the start of summer.

The week, To BHMA International Edition is in conversation with Dimitris Tsekeris, Senior Climate Policy Analyst at Climate Analytics, to discuss climate ambition, global emissions, and the factors pushing electricity costs higher in Greece.

Roughly one in three Greeks failed to pay their electricity bills in 2024, according to the 2024 annual report by the Regulatory Authority for Energy, Waste and Water (RAAEY). The report revealed that the aggregate sum of these arrears amounted to €3.2 billion in 2024 from 2,593,285 electricity meters, meaning 32 percent of consumers—roughly one […]

Prices appear to be easing in March, with the current average at 89.47 euros per MWh, indicating a downward trend expected to continue.

“When prices exceed a certain threshold, we intervene,” said Skylakakis

PPC has absorbed significant increases with a 68% discount on the base supply price.

In terms of the megawatt price and on a regional basis, the average rate in Hungary was 306 euros per MW on Tuesday; Romania and Bulgaria 268 euros and 202.22 euros for Greece

The electricity provider Protergia has already announced a reduction in its green tariff to 14.9 cents.

Cheaper electricity in Greece will be available from 10 a.m. to 3 p.m. and on weekends, possibly starting in 2025, when Greece changes its Time-of-Use pricing policy.