“Electroshock”: increase in the DEI tariff

From 1 August this year, Greece has been raising electricity tariffs.

There are only 10 working days left until August 1, when the increased electricity prices will come into effect. The word “electric shock” is too short to describe what actually awaits households and businesses in the near future when they receive their electricity bills. Moreover, together with the first installment of payment of real estate tax – ΕΝΦΙΑ. In general, “keep your pocket wider.”

Residential consumers will see an increase of 3.3%, large consumers and recipients of the social tariff of households by 3%.

The concern in the current situation is the fact that the record rise in electricity prices is related to the average market price, to which is added the balance sheet value, which also shows upward trends.

In particular:

1. For consumers of medium voltage current (medium and large companies) increases by 15.6%. In particular, the electricity charge was set at 1384 euros / MW of the maximum monthly cost of the average hourly consumption during peak hours (from 11:00 to 14:00) per month, while the previous amount was 1197 euros.

2. For other consumers of low voltage current, ie enterprises and street lighting, the tariff is increased by 6.5%. Electricity bills rise to € 0.52 per kilowatt-hour, up from € 0.488. It was decided to limit the reduction
payment for the agreed capacity (κόστος της αγοράς εξισορρόπησης) supply per year, which is reduced to 0.51 from 0.52 euros per kWh.

3. For household consumers of low voltage current, the tariff is increased by 3.3%. Electricity charges are raised to € 0.56 per kWh from € 0.542 per kWh in 2019 and 2020. At the same time, the payment for the agreed supply capacity per year remains unchanged at 0.13 euros per kilowatt / hour.

4. For residential low voltage consumers, maintenance beneficiaries and large families – an increase of 3%. Electricity charges are increased to 0.62 euros per kilowatt / hour from 0.602 euros.

5. For high voltage consumers (energy consuming and heavy industry), the fee is reduced by 2%. Electricity charges were set at 23,560 euros per MW per year, compared to 24,062 euros.

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