The hours for the night current are changing. The reduced tariff, which starts today, Thursday 10 October, comes into effect from 2-8am and 4-5pm. In summer the hours are from 11pm to 7am .m., but will be moved to one zone between 10 a.m. and 3 p.m. on summer days and 24 hours a day on weekends.
During these hours, prices on the Stock Exchange are lower – even zero – due to the oversupply of energy from the production of photovoltaics, or the low demand on weekends.
What Skylakakis said about the night current
Incentives for the transfer of electricity demand, during the hours when the prices on the Energy Exchange are lower, i.e. at noon and on weekends, are implemented by the Ministry of Environment and Energy. The measures were announced yesterday, Wednesday, October 9, by Minister Theodoros Skylakakis.
Speaking to the TV station Action24, Mr. Skylakakis stated that the system with the night tariff no longer corresponds to the market data, given that electricity is more expensive at those hours.
«We currently have a remnant of the old electrical system, when there was no demand at night, the then PPC gave the night tariff. Now the evening is the most expensive time of the day, and the cheapest are midday, when the photovoltaics work, and weekends, especially Sundays.
So it makes sense to move the demand to where the cheap price is, because this will allow the tariffs given by the providers to be cheaper. We currently have analog meters, which are not “smart”, but have two zones. With this given, we will go to two zones, one at lunchtime and at weekends – all weekend. This, I think, by the beginning of the year we will be able to introduce it“, said the minister.
The changes in the night current
The nighttime changes were announced in the spring with an implementation horizon in the fall, but the new framework will come into force from 2025. The new reduced charge zones concern consumers who have a nighttime consumption meter estimated at 1.2 million.
For the rest, the application of multi-zone tariffs during the 24 hours will become possible as the installation of “smart” meters by DEDDIE progresses. It is noted that the benefit from the night tariff does not concern all consumers who have a night meter. This is because most of the suppliers have removed the reduced charges at night (remaining with PPC for the green tariff and Elin for the blue-fixed).
Therefore, in order to maximize the benefit from the new framework, it is necessary to formulate the corresponding commercial programs from the suppliers.
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