Electricity

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

Electricity bills for households with green tariffs are expected to fall as reported due to the subsidy which the Ministry of Environment and Energy will announce with prices ranging between 0.01 and 0.012 euros per KWh.

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

Greece's electrical grid operator HENDO has announced yet another day of disruptions to the supply of electricity in the greater Athens area - this time in 9 locations- as it upgrades and maintains the grid

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

The urgent discussion comes as the government grapples with a dramatic "price hike rally" in electricity costs, which saw the price of a megawatt-hour skyrocket by 200% in just one week.

Household consumers can also find cheaper "blue" tariffs compared to "green" tariffs with a 12-month contract.

Moreover, a surplus of generated electricity cannot be fully absorbed by domestic grids and this excess power finds eager buyers in the form of companies entering into Power Purchase Agreements (PPAs), willing to pay a premium for clean energy.

The last time such an intra-day event occurred for so many hours in the Greek stock market was on May 28, 2023.

PPC FiberGrid selected areas based on factors, such as population coverage and the lack of Fiber to the home (FTTH) infrastructure

More than 73,500 applications have been submitted in the first four days since the “MyΘέρμανση” platform was launched for electricity heating allowance.

Providers engaging in a 'price war' aim to attract those seeking stable charges, diverging from the anticipated variations in 'yellow' and 'green' bills

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 […]

Alpha Bank report calculates power production in Greece in 2021 exceeded 54,000 GWH