The drop in wholesale electricity prices, the intensity of competition brought about by the introduction of the “green” tariff by the Ministry of Environment and Energy – despite the reactions of some suppliers – and the strengthening of PPC which allows the company to implement a reasonable pricing policy , which corresponds to the market data, are the main reasons for keeping electricity prices in January at levels lower than last year. A development that is considered particularly important, given that as of January 1st, the horizontal subsidies on electricity prices that were implemented during the energy crisis were abolished.

In summary, the subsidies given during 2023 aimed to keep prices below 15 cents per kilowatt-hour, while today, without subsidies, prices start at 12.6 cents.

With the completion of the announcement of the “green” tariffs and the first announcements for the blue and yellow tariffs, the market landscape for the first month of the year is shaped in a way that ensures consumers immediate information and the possibility of comparison as the website of the Regulatory Authority publishes the prices from all suppliers, but also a multitude of options depending on the risk one is willing to take. It is recalled that green invoices are formed with a mathematical formula uniform for all suppliers and are announced on the 1st of each month, blue invoices are fixed without adjustment during the contract and yellow invoices follow market fluctuations.

With these data the ten cheapest tariffs for January include green and yellow. They are in order:

  • The two cheapest tariffs are yellow: PPC MyHome 4All at 12.152 cents and Protergia Value Fair at 13.28 cents.
  • Three green tariffs follow, PPC at 13.635, Elinoil at 14.038 and Heron at 14.052 cents per kilowatt hour.
  • Next is Protergia’s Value Simple yellow bill at 14.06 cents.
  • Rounding out the top ten are the green tariffs of NRG (14.12 cents), Protergia (14.26 cents), Natural Gas Hellenic Energy Company (14.265 cents) and Volterra (14.4 cents).

The cheapest blue tariff is from Ellinoil at 14.9 cents.

Consumers should also add up the fixed fee which in most cases is 5 euros per month but there are also lower offers, from 1 euro or even much higher blue tariffs that exceed 50 euros per month. Also note that some invoices include discounts which are subject to conditions such as timely payment or paying off the bill by direct debit. Finally, for those who have a night consumption meter, it is noted that only two companies, PPC and Elinoil, now offer a lower night charge according to the consolidated table of the Regulatory Authority.

The panorama of January invoices can be found at https://invoices.rae.gr/oikiako/.