By subsidizing household consumers’ electricity bills, the government will seek to offset high prices.
The decisions of the political leadership of the Ministry of Environment and Energy have been locked and the subsidy for the variable electricity tariffs will be repeated.
Electric current
According to information, the amount of the subsidy is expected to move to the same levels as in August. That is, households for electricity consumption of up to 500 kWh will receive a subsidy of 1.6 euro cents per kilowatt hour.
The aid will concern the special or green electricity tariffs that providers are required to have.
Wholesale prices
Wholesale electricity prices remain at high levels in August.
According to data from the Hellenic Energy Exchange, the average wholesale price from August 1st to August 29th stands at 129.9 euros/MWh, while in the corresponding period of July it was at 137.16 euros/MWh.
Essentially, the difference in the average price of the month is slightly lower compared to July.
The providers
It is worth noting that according to the first estimates, providers are expected to keep electricity tariffs unchanged for September as well.
Already Metlen’s Protergia hastened, as in August, to announce its relevant decision seeking, as company sources state, to give a relevant direction to the market.
Similar moves are not ruled out by the other large providers such as PPC and IRON.
The extraordinary taxation
The subsidy that will be given to electricity prices in September is estimated to not require the extraction of additional revenue from power producers.
According to the information, the political leadership of the Ministry of Environment and Energy is oriented, although it is given the possibility by a legislative provision, not to extend the imposition of the extraordinary levy of 10% on natural gas consumed by electricity producers.
The information suggests that enough revenue has been collected in the relevant account to cover the subsidies for September as well.
Source: Ot.gr
#Electricity #subsidy #continues #September #household #tariffs
