Electrical shock for shoppers who see wholesale kilowatt-hour costs skyrocket
A brand new electrical shock with electrical energy costs was in retailer for shoppers in July, as households and companies might be requested to pay an excellent increased worth for the electrical energy they are going to burn in comparison with June and 50% increased than two months in the past.
Shoppers can pay much more for electrical energy as a result of in June the wholesale worth of electrical energy closed a breath from 100 euros (98.89 euros) per megawatt hour, a rise of 23% in comparison with Could, when the wholesale worth had closed at 81 euros, additionally getting a 33% enhance over April (60 euros).
As nothing has modified concerning the switch of the wholesale worth will increase decided on the Power Trade since Kostis, because the competent minister on the time
Hatzidakis freed up the market, allegedly to ensure that costs to fall, shoppers can pay – via the “fluctuation mechanism”, because the readjustment clause is now referred to as – these will increase. It ought to be famous that right now the will increase don’t have anything to do with some supposed fluctuations in pure fuel costs – wasn’t that what they informed us through the power disaster? -, however with the phenomenon of “seasonality”, as the present Minister of Power defined a number of days in the past Theodoros Skylakakis.
What does seasonality imply in line with Skylakakis? Any longer we can have increased electrical energy costs in the summertime as a result of that’s when demand will increase – so by the regulation of the market fuel producers go the place they need costs, even with out growing their very own manufacturing prices, just because their it’s allowed by the legislative framework of a authorities that claims to be combating profiteering.
In any case, primarily based on the costs introduced by the businesses on July 1 for the inexperienced tariff, the will increase for the month vary from 5% to 23% per firm, reaching a weighted common of 10%, whereas the common worth per kilowatt hour is 16, 6 minutes in comparison with June 15 and Could 10.30 – the overall enhance in a two-month interval exceeds 50%.
The picture of the market
Concerning the image by firm, PPC, regardless of a 14% enhance in its costs, stays the most affordable on the inexperienced tariff, with the worth per kilowatt hour reaching 13.55 cents in July in comparison with 11.89 in June for consumption as much as 500 kilowatt hours per 30 days and at 14.38 minutes towards 12.64 in June for extra consumption.
This month can be adopted by Pure Gasoline Hellenic Power Firm, with 13.99 cents per kilowatt hour from 12.85 in June and a 9% enhance, however provided that the buyer ensures a consistency low cost – as an alternative, the worth drops to 18.35 cents with out low cost.
Then again, the massive corporations that even have Protergia, Elpedison and Iron manufacturing, which had elevated their inexperienced invoices by 55% to 70%, have made reductions however virtually marginal, of the order of -3% to -4% them within the earlier month working industrial campaigns selling their fastened tariffs.
Lastly, will increase by 20-23% have been made by Zenith (which raised the worth of a kilowatt hour to twenty.52 cents in July in comparison with 16.92 in June), Photo voltaic Power (which took the kilowatt hour to 17.42 cents from 12, 59 the earlier month), Volterra (with the kilowatt hour at 17.21 cents from 12.9) and Volton (which priced the kilowatt hour at 15.88 cents from 12.91 in June with a consistency low cost – and at 20, 48 minutes if low cost is misplaced).
Adjustments for the more severe
What does all this present us?
01 Six months after its introduction, the inexperienced tariff of Th. Skylakakis definitively fails to perform as a compass that can assist households and companies to decide on the corporate that gives the most affordable electrical energy as costs present massive adjustments over the months and a budget one month’s provider might change into the subsequent’s most costly. For instance, Volton and Volterra have been among the many least expensive corporations within the spring and at the moment are among the many most costly. The one exception is PPC, which, apparently in session with the federal government, tries to carry down electrical energy costs, however with out dropping them beneath 10 cents, as different corporations did even when the wholesale worth allowed it.
02 The inexperienced tariff as a method able to holding down electrical energy costs and guaranteeing the top of the misleading practices of corporations doesn’t work as a result of the massive corporations don’t need it and search to draw prospects to their fastened tariffs.
03 Electrical energy costs might be even increased in August after July began with a brand new galloping rise within the wholesale worth near 150 euros per megawatt hour – word, it is a new excessive for the yr and as soon as once more makes Greece one of many nations with the costliest electrical energy in Europe .
04 Greek shoppers is not going to see low-cost electrical energy once more in the summertime if the federal government doesn’t introduce the necessary bilateral contracts in order that many of the electrical energy is priced via them and never via the change, as is the case in the remainder of Europe. However who expects the Mitsotakis authorities to do that?
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