Lower than the EU average, both in absolute terms and in purchasing power units, were the prices of electric power in Greece in May.

June tariffs are up on the previous month, but most suppliers’ offers remain at lower levels than in January.

In particular, according to monthly HEPI survey of retail electricity prices in European countries conducted by the energy regulators of Austria and Hungary and the company Vaasa ETT, the average price of electricity in May in Greece including taxes was 19.63 cents per kilowatt-hour compared to 23 .93 cents which was the average in the EU. In purchasing power units, i.e. after taking into account the difference in incomes, the price in Greece is 23.77 cents compared to 25.69 cents in the EU.

Further according to her data Waste, Energy and Water Regulatory Authority, the “green” tariffs of June for most providers (including PPC, which is the largest supplier) are lower than those of January, whenever the application of color differences began. However, there are also suppliers who made significant increases, which means that consumers – as the Minister of Environment and Energy Theodoros Skylakakis mentioned – have every reason to examine the alternative options and choose the most advantageous proposal for them. All electricity invoices are presented together on the RAEA website https://invoices.rae.gr, while it is recalled that the change of supplier for both “green” and yellow invoices is free of charge.

The recent rise in prices is attributed to the increase in demand – due to higher temperatures – which implies a reduction in the participation of RES in covering the load – but also to the rise in international natural gas prices, a combination that is estimated to be able to maintain upward pressures at the prices at least during the summer. With regard to natural gas, concern has been caused in the European and international market by the possibility of interruption of the supply of Austria by the Russian Gazprom in implementation of a relevant court decision.