Power rates. The wholesale price of electricity may have fallen in April by 11% from March, but this is unlikely to be reflected in May’s green rates. Suppliers pass the wholesale price reduction to profit margins, not consumers. Those with floating yellow rates will receive cuts, with potential for more reductions.
Deputy Minister to the Prime Minister Thanasis Kontogeorgis mentioned in an interview with Parapolitika radio station that the government will announce the fee and subsidies for electricity tariffs in detail at the beginning of August. He emphasized the government’s intervention where distortions exist, as done in the past.
In a recent update, Deputy Minister Kontogeorgis shared insights into the upcoming electricity tariffs and subsidies, highlighting the government’s commitment to address distortions in the market. Stay tuned for the official announcements in August for more details. Keep watching this space for further updates and news related to energy prices and government interventions.\
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