Electricity: What changes from tomorrow in the accounts – See a detailed example

The Minister of Environment and Energy, Kostas Skrekas, gave an example of what will change from tomorrow in electricity tariffs, speaking on SKAI television.

“What has already changed is that for him September for example an average household with a consumption of 400 kilowatt hours per month would pay without the state subsidy 315 euros for electricity and after the state subsidy would pay less than 60 euros” he said and added that “this shows the size of the aid but also the determination of the government us not to leave households unprotected, during the next period of time that the crisis will last”.

Natural gas: The ceiling on its price and subsidies

He was then asked if a subsidy would be given if he entered ceiling on natural gas prices and disconnected electricity prices. “Always when a ceiling is introduced, of course, this does not mean that it solves the problem 100%” he replied and added that it will “but reduce the expenditure we are currently doing to import natural gas as Europe and consequently as Greece”.

To the question whether its consumers will be subsidized natural gashe said the following:

“We have already said that we will support Greek consumers and other energy products in the face of these increases. How this will be done:

  • It will have to do with the size, the potential of the state budget.
  • The way in which we will focus on those who are most in need and of course it depends on the international conditions, i.e. how high the prices of natural gas will remain in the next period”, he answered.

See the related VIDEO below

The final consumer prices for electricity in September

It is noted that the final consumer prices for electricity in September from many electricity suppliers are returning to pre-energy crisis levels, after the removal of subsidies recently announced by the Minister of Environment and Energy Kostas Skrekas. Also the subsidy per kilowatt hours for September will be at 63.9 minutes from 33.7 minutes which was in August.

RAE: The new tariffs of electricity suppliers for the month of September

RAE recently announced the new electricity supplier tariffs for the month of September. In particular, as stated in a RAE announcement, “Following the publication of Law 4964/2022 “Provisions for the simplification of environmental licensing, establishing a framework for the development of Offshore Wind Farms, dealing with the energy crisis, protecting the environment and other provisions” (Government Gazette A΄ 150/30.7.2022), special provisions have come into force for the pricing of the public utility service “Universal Service”.

It is noted that, in accordance with the provisions of article 58 of Law 4001/2011, as applicable, “The Universal Service Supplier of electricity is obliged to supply Household Customers and small businesses (with a supply power of up to 25 kVA), who have either idled regarding the right to freely choose a Supplier or they are unable to find a Supplier in the liberalized market under the existing commercial conditions’. Therefore, taking into account the provisions of article 3[1] of the Electricity Supply Code to Customers (Government Gazette B΄ 832/9.4.2013), the following categories of Universal Services Customers are distinguished:

1) Residential Customer – Daily Invoice,

2) Residential Customer – Nightly Invoice,

3) Commercial Customer – Daily Invoice and

4) Commercial Customer – Night Invoice.

In particular, article 107 “Adjustment clause – Amendment of article 138 of Law 4951/2022” defines the following regarding the pricing of Customers who procure Electricity through a Universal Service Supplier “6. During the application period of the first paragraph of par. 1 for the determination of the electricity supply charges of the universal service suppliers, the electricity supply tariffs of the above suppliers per customer category are taken into account and the tariff with the highest supply charge price, expressed in euros per megawatt hour (€/MWh) on a consumption scale from 0 to 2 MWh.

For the implementation of the first paragraph, the Energy Regulatory Authority publishes monthly on its website, in the form of a table and by the twenty-seventh (27th) day of the month (M-1), before the month of application (M), the fixed charges and the electricity supply charges for the power and energy component, which are announced by the electricity suppliers and applied to the supply invoices according to par. 1.

If the selected tariff, hereinafter referred to as the “Reference Tariff”, additionally includes either fixed charges or night consumption charges, then these charges are also transferred to the universal service supply tariff.

The applicable universal service commission charges are calculated based on the Reference Tariff, plus 5%, per customer category. By decision of the Minister of Environment and Energy, a different invoice than the invoice with the highest commission charge price may be qualified as the Reference Invoice, in the event that the latter deviates by more than 20%) from the average of the next four most expensive invoices in the table of the present.”

Following the above, the Energy Regulatory Authority, in accordance with the provisions of article 138 of Law 4591/2022 as amended and in force, after verifying the harmonization of the Suppliers’ tariffs with the law/defined, has posted on the RAE Price Comparison Tool “www.energycost.gr” all the supply products for the month of August 2022 and has invited the Electricity Suppliers to update the Depository with the price lists for the month of September 2022 at the latest by the day of the commercial sale (i.e. Thursday 01.09. 2022) and publishes the following Tables of Electricity Supply Tariffs by Customer category.

See in detail the tables with the tariffs of electricity suppliers HERE

Utilities: What changes from tomorrow

The Ministry of Environment and Energy is changing from September the scale of charges for Public Utility Services included in electricity bills.

What is true today?

The scale for the billing of the ICOs currently applied is:

  • For the first 1600 kilowatt hours in the four months, 0.0069 euros per kilowatt hour.
  • For the next 400 kilowatt hours (1601-200), 0.05 euros per kilowatt hour.
  • All others (2001 kilowatt hours and above), 0.085 euros per kilowatt hour.

The new scale will be reduced by 40-70%, as the minister said

However, YKO charges are simultaneously increasing, as the Ministry of the Interior proceeds with the establishment of a permanent “piggy bank” to finance subsidies to electricity consumers by imposing a levy on YKO charges which, as Mr. Skrekas said, will not exceed 1 minute/KWh for household consumers.

The emergency ending

Therefore, a charge of 1 minute per tier will be added to the scale of charges for the HYKOs as it will be formed after the reductions. The fund (a risk hedging tool as mentioned by the minister) will operate on a permanent basis, in addition to the mechanism of subsidies implemented by the government since last autumn through the Energy Transition Fund in combination with the imposition of a ceiling on the revenues of power producers and the freezing of readjustment clause.

The clarifications Skrekas

The Minister of Environment and Energy, Kostas Skrekas, recently gave clarifications on the new extraordinary “fee” that will be included in the electricity bills, i.e. for the new charges of public utility services (YKO).

“We announced 1 minute per kilowatt hour, when we subsidize with 63 minutes. From the 63 minutes that the subsidy will take in September, we will give it to the household bills. 1 minute out of 63 minutes will go into a special account because we are creating a permanent hedging mechanism. This, in the coming years when Crete will also be interconnected and the YKOs will be reduced, will come and be offset. So in essence we are not burdening Greek households”.

“On the contrary, there are some households that have done away with oil or natural gas for heating and use heat pumps to be much more efficient or use air conditioning. Those households that have increased electricity consumption but came and paid 5 and 8 minutes not 1 minute” he added.

Electricity: Where is the price of a megawatt hour in Greece today?

The price of electricity in Greece remains high. As euenergy.live broadcasts, price of electricity in our country is formed today at 697, 41 euros per megawatt hour. Above the levels of 600 euros, the price of electricity moves in the following countries:

  • Denmark: 604.49 euros
  • Czech Republic: 634.55 euros
  • Lithuania: 637.07 euros
  • Germany: 641.07 euros
  • France: 651.77 euros
  • Slovakia: 672.85 euros
  • Austria: 673.28 euros
  • Slovenia: 675.82 euros
  • Bulgaria: 677.73 euros
  • Croatia: 679.36 euros
  • Romania: 683.52 euros
  • Hungary: 690.89 euros
  • Serbia: 695.05 euros

From table data of euenergy.live it follows that Greece currently has the highest price of electricity at the European level.

The article is in Greek

Tags: Electricity tomorrow accounts detailed

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