The PPC followed a different path and the alternative providers a different one for the September electricity charges, which started to be announced late last night: The biggest player in the supply market, which as usual opened the dance of announcements for next month's charges, kept the basic charge for electricity consumption up to 500 kilowatt-hours fixed at 15.5 cents per kilowatt-hour, the same level as in August, July and June.
On the contrary, the vast majority of private supply companies have increased their base tariffs by 10-15%, confirming the predictions of market players who had pointed out that the September retail tariffs will bear the «footprint» of the recent gas price increase at the TTF hub that will be passed on to wholesale electricity prices in Greece next month, burdening the supply companies' costs for this period.
Details of supplier charges for September:
PPC: Tariff C1 15.5 cents/kilowatt hour (unchanged). The company also offers the myHome 4All product at a price of 15 cents/kilowatt-hour
Protergia: Residential Value 12.28 cents/kilowatt hour (from 9.46 in August)
IRON SIMPLY GENEROUS HOME 11.25 cents/kilowatt-hour for the first six months of stay and 10.63 cents/kilowatt-hour after the first six months (up from 8.55 cents/kilowatt-hour for the current month)
Natural Gas Hellenic Energy Company: 9.3 cents/kilowatt hour (from 8.5 cents/kilowatt hour in August)
ElpedisonGreenEconomy: 8 cents per kilowatt-hour (unchanged).
NRG on time: 15.99 cents per kilowatt hour (up from 13.7)
Watt&Volt Value: 12.28 cents per kilowatt-hour (from 9.46)
ZenithHomeBasic: 18.4 cents per kilowatt-hour for consumption up to 270 kilowatt-hours and 19.4 cents per kilowatt-hour for higher consumption (from 17.3 and 18.3 respectively for August)
Elin: 13,5 cents/kilowatt hour (from 12)
Volterra: 13,98 cents per kWh (unchanged)
Waiting for the Ministry of Environment for the subsidies
September charges range from 8 to 19 cents per kilowatt-hour, with the average being around 14 cents per kilowatt-hour (up from 12.8 cents per kilowatt-hour in August).
The final prices that households will pay for the kilowatt-hours they consume will be finalized when it is clarified whether the Ministry of Environment and Energy will give a subsidy for September and how much it will be. In August there was a state support of €10 per Megawatt-hour (1 euro cent per kilowatt-hour), reduced compared to the subsidy given for the months of June and July which was €15/MWh (1.5 euro cent per kilowatt-hour).
It is recalled that the Minister of Environment and Energy Theodoros Skylakakis has announced the abolition of horizontal subsidies and their continuation targeting vulnerable groups, with the new model -whose unveiling will be made by Prime Minister Kyriakos Mitsotakis at the TIF- being developed at this stage. It is not clear when the «end of the line» will be put on horizontal subsidies, although the extension of the extraordinary interventions in the wholesale and retail electricity market until the end of the year seems to indicate that this is the milestone, coinciding also with the return of normality to the markets with the liberalisation of tariff policy.
