Under 15 cents/kWh the final price for domestic consumers is formed electric powerafter the government subsidy on electricity bills for the month of August on variable tariffs, according to the Ministry of Environment and Energy.

Also, at the pre-energy crisis level, the final price for the beneficiaries of the Social Household Tariff after the subsidy for August.

Specifically, the Ministry of Environment and Energy announced today, Thursday, August 1, 2024, – earlier than expected – the amount of the extraordinary support in the accounts electricity related to consumption in August.

Subsidies for electricity in household tariffs and for all main and non-main residence services, without income criteria and regardless of provider, are structured as follows:

For monthly consumptions up to 500kWh, the reinforcement is formed at 16€/MWh or 1.6 cents/kWh. This category occupies 90% of households in Greece. It is noted that the subsidies concern consumers who are contracted to variable electricity tariffs.

In households that are integrated in the Social Household Tariff (CTO), the aid amounts to at €50/MWh or 5 cents/kWh for the total consumption, while the final price after the subsidy will be at the pre-energy crisis level.

The above is included in the measures taken by the Ministry of Environment and Energy, with the aim of preventing the excessive burden on domestic electricity consumers, from the increase in electricity prices, due to the recent malfunction of the electricity market in South-Eastern Europe, which was observed within the last July.

The Minister of Environment and Energy, Mr. Theodore Skylakakis, stated: “Based on the prices of the providers that have been made known (and cover more than 80% of the market), the final price for the vast majority of household electricity consumers is below 15 cents/kWh, after the extraordinary support on electricity bills which we announce”.

The Deputy Minister of Environment and Energy, Mrs. Alexandra Sdoukouemphasized: “The government, acting immediately, as it did in the previous years of the energy crisis, with the subsidy announced today, keeps electricity prices at an affordable level for household consumers and further strengthens the approximately 700,000 beneficiaries of the Social Household Tariff by dropping the final price at 11.3 cents/kWh for the majority of these consumers”.