Fixed electricity tariffs costing less than 15 cents per kilowatt-hour are currently available on the market, according to sources from the Ministry of Environment and Energy, which are monitoring developments in the electricity market and more broadly in the energy sector.
As the same sources stated, during the previous energy crisis the government proceeded with subsidies so that the final electricity price would be set at 15 cents/kWh. With today’s data, therefore, consumers who are concerned about the course of prices can “lock in” their cost for the next 12 months at a price lower than the one that applied with the subsidy during the 2022-2023 period.
The share of fixed tariffs is increasing
The sources of the Ministry of Environment and Energy noted that already a large part of consumers has turned to “blue” fixed tariffs.
Their share increased to 31.62% in June, from 28.57% in January, while correspondingly the share of “green” tariffs declined, from 57% in January to 53% in June. Green tariffs, however, continue to hold the largest share of the market.
The same sources responded to the possibility of a new subsidy for electricity prices, in view of the increase recorded in the wholesale market during September, stressing that the government is closely monitoring developments.
The measures for heating
As regards the package of interventions for heating recently announced by Prime Minister Kyriakos Mitsotakis, the specification of the measures is expected immediately.
The package includes interventions by the government and the refineries for heating oil, with the aim that the starting price on October 15 will be set below 1.75 euros per liter, the level at which last year’s period closed.
At the same time, an increase in the heating allowance is envisaged, which is granted based on income and climate criteria and concerns all heating sources and not only oil.
The allowance concerns approximately 1.2 million consumers, while its cost amounted last year to 173 million euros.
The activation of CISAF is also at the center
The sources of the Ministry of Environment and Energy clarified that the government interventions will not endanger fiscal balance.
In the same context, the industry’s requests for activation of the European framework CISAF (Clean Industrial State Aid Framework) are also being examined.
The framework temporarily allows, for a period of three years, the subsidization of up to 50% of consumption of energy-intensive industries, with the subsidy amount not exceeding 50% of the wholesale price of electricity. At the same time, an obligation is provided for investment of 50% of the subsidy in energy efficiency projects.
Greece is already implementing measures to support industry, such as compensation for the cost of emissions for large enterprises and the reduction of Public Service Obligations (PSO).
Of the 27 EU countries, the CISAF framework has been activated in 4, Ireland, Bulgaria, Germany and Slovenia. Of these, Ireland and Bulgaria do not cover the compensation cost.
The PSO account on a balancing path
At the same time, the account of the Public Service Obligations, which covers the increased cost of electrifying the islands and the subsidies through the Social Household Tariff, has been put on a balancing path.
During the seven-month period January-July 2025, the account was in deficit by 136 million euros. This year, after the completion of the interconnection of Crete, the deficit was eliminated.
The accumulated debt of previous years, amounting to 300 million euros, will be covered through a subsidy from the state budget amounting to 200 million euros, as well as from the additional benefit that will arise from the completion of the interconnections of the Cyclades and especially Santorini, which has the highest consumption.
Source: ANA-MPA