As October approaches, the wholesale electricity market in Greece shows signs of stabilization, with a possible slight reduction in floating rates. The average price per megawatt-hour in September is set at 118.37 euros, marking a decrease from the previous months of August and July.
The decrease in prices is attributed to falling temperatures, which have reduced the demand for electricity. This trend has led to a decrease in both weekly electricity demand and the price of the megawatt-hour. Providers are eagerly waiting to see the final September prices to announce their tariffs for October.
Protergia, the largest private supplier, has already announced a freeze on tariffs for October, following a similar trend from previous months. The government’s decision on subsidies for households in October will also be influenced by the commercial policies of other providers, including PPC.
Despite the recent de-escalation in prices, wholesale electricity prices in Greece and Southeast Europe still remain significantly different from the rest of the continent. However, there is optimism in the market, with assurances from political leaders that subsidies will continue for as long as necessary.