electric power

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 relevant energy ministry also intends to introduce a dynamic pricing, known as ‘orange’ tariffs, bringing further changes to the domestic electricity market

The energy ministers of Greece, Bulgaria and Romania said sharp price hikes in SE Europe's wholesale power markets last summer wer due to external factors

Previous concerns by Cyprus' power regulator over cost-sharing and sustainability in the face of geopolitical turbulance appear to have been overcome

According to the state-affiliated electricity distribution network in the country, power returned after the blackout in the morning

The extraordinary kWh subsidy program comes amid the latest surge in energy prices, especially electricity produced from natural gas

Skylakakis outlined the government's initiatives but withheld specifics regarding the emergency tax and bill subsidies, which are slated for finalization by late July.

Prime Minister Kyriakos Mitsotakis said the extraordinary windfall tax will be levied in August and September, in a bid to subsidize surging rates

According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates

According to reports at OT.gr, the Hellenic Electricity Distribution Network Operator has procured 360,000 units and started installation

A list of investment schemes whose expressions of interest were approved during the first phase of the tender was announced

Average yearly costs for power in 2021 calculated at 9,000 euros, jumping to 14,000 euros in 2022 and 17,500 euros in 2023

Dominant power utility eyes significant foray into consumer goods sector with the purchase of Kotsovolos chain; auto charging network (PPC Blue) and entry into the telecoms market

The lowest charge in the green tariff has been announced by the Public Power Corp. at €0.13635 per kWh for monthly consumption up to 500 kWh

Mr. Aivaliotis emphasized that social tariffs are continuing as usual. "Support for the vulnerable continues," he underscored, noting provisions even for those using electric heating.

The head of Greece’s Independent Power Transmission Operator (IPTO or ADMIE) last week announced the start of the long-awaited construction phase of a subsea electric power transmission system linking the power grids of Israel, Cyprus and Greece. The massive and ambitious EuroAsia Interconnector Ltd. project will span much of the eastern Mediterranean, connecting the Middle East […]

A second power line connecting the electricity grids of Greece and Turkey is scheduled for completion by 2029, according to a MoU signed this week in Athens by the former’s Independent Power Transmission Operator (IPTO or ADMIE) and its Turkish equivalent, TEIAS. The new line will run from Nea Santa, in northern Greece, to the […]