
Much of the electricity price hikes have been avoided by consumers, with subsidies starting last September and – according to assurances by Environment and Energy Minister Costas Skrekas, they will be maintained for as long as the energy crisis lasts.
During a period when prices are shaping both internationally and in our country at record highs, the introduction of subsidies has resulted in, among other things, Greece being, last month, one of the three EU countries where the final, real prices consumption for electricity decreased compared to December, while in other countries they increased.
Specifically, according to data from the Energy Exchange, government announcements on the subsidy of electricity bills and the monthly survey on electricity retail prices in 33 European countries conducted by the energy regulators of Austria and Hungary (https: //www.energypriceindex.com/), the image for the values is as follows:
-In Greece (Athens) the average price of electricity including taxes in January was 18.51 cents per kilowatt hour (185.1 euros per megawatt hour), compared to 26.07 cents per kilowatt hour which was the EU-27 average . The most expensive EU countries are Germany (50.07 cents / kwh), Denmark (46.69) and Belgium (45.87 cents / kwh).
-In the same month, in January, the wholesale price of electricity in Greece was 227.3 euros per megawatt hour. The fact that the retail is at levels lower than the wholesale price, is due to the subsidies applied in the last six months and as everything shows, they will continue in the next period.
-In January the average price of electricity in the EU increased to 26.07 cents / kilowatt hour from 23.44 cents in December. In Greece, on the other hand, the average price decreased to 18.51 cents, from 22.55 cents / kilowatt hour in December. Prices fell in Greece, the Netherlands and Norway while rising in all other countries. The largest increases were in Romania (46%) and Germany (38%).
The decrease in prices last month does not mean that they have returned to reasonable levels, but they remain at a record point, which explains the need to maintain state subsidies. An additional PPC official said last week that the current price levels are not sustainable for the majority of consumers and for this reason – he added – the company will continue the policy of discounts, in addition to subsidies provided by the State.


Latest News

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)

Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign

Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00

Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.

Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today

Retail Trade in Greece Up 2.5% in December 2024: ELSTAT
In January 2025, the General Turnover Index recorded a 2.5% increase compared to January 2024. Compared to December 2024, it recorded a significant decline of 18.4%

Greek Fruit and Vegetable Exports Surge
Greek exporters have expressed concerns over a new draft law in Bulgaria that mandates at least 50% of products in stores to be of Bulgarian origin.

Trump Tower in Greece? Speculation Grows Over Potential Investment
In 2007, the Trump Organization explored the possibility of constructing a skyscraper complex and casino at the former Ellinikon Airport site in Athens

Was Aristidis Alafouzos, CEO of Okeanis Eco Tankers, cheering over extra earnings from carrying ‘sanctioned’ Russian oil?
Okeanis CEO Aristidis Alafouzos tried to give assurances that the company was not carrying sanctioned Russian oil - Recently published data point to the opposite

Tax Filing in Greece Surpasses Expectations
Taxpayers who submit their returns by April 30 will benefit from an increased tax discount of 4% if they opt for a lump-sum payment by July 31, 2025