Checkpoint: With consumption up to 500 kilowatt-hours per month, 39.7 cents per kilowatt-hour (compared to 59.5 in October). From 500 kilowatt-hours and above – 40.9 cents per kilowatt-hour (compared to 60.7 in October). Night rate: 35.6 cents (up from 55.4).

Protergia 39.5 cents per kilowatt hour from 57.63

Heron 43.9 – 47 cents per kilowatt hour (from 62 to 69.8)

Elpedison 38-42 cents per kilowatt-hour (59.05-63.06)

NRG 37.5-41.5 cents per kilowatt-hour (from 57.9-59.9)

watt and volt 40.6 minutes per kilowatt hour (was 58.9)

Greek natural gas 35-36.2 minutes per kilowatt-hour (from 57.4-58.6)

Volterra 42.8 minutes per kilowatt hour (was 68.5)

Zenith 38.5 minutes per kilowatt hour (was 58.9)

Elin 39.5 cents per kilowatt-hour (against 59.9 in October)

The tariff cuts reflect falling prices for natural gas and electricity on the stock exchange.

Final payments for consumers will come after government subsidies are announced.

As “K” wrote today, suppliers seem to have included in the November price forecasting exercise a clear message sent early yesterday morning from the Renewable & Storage Forum by Minister Kostas Skrekas, with the phrase “where there is a surplus, we will recover it and we will return it to consumers.” It has also announced since the beginning of the month the launch of the tax mechanism and the surplus generated in the retail market in an attempt to “correct” the shortcomings of the new pricing model that replaced the adjustment clause by failing to cap prices. . On the contrary, it brought a surplus to suppliers who price the next month on the basis of a forecast 10 days ahead, priced in the maximum of their risk, confirming the fears expressed from the very beginning, i.e. that the new model will lead to higher prices and find a state to subsidize retail risk.

According to the information of the RAE in the Ministry of Internal Affairs, in August the average price of low-voltage tariffs for the population was 60.6 cents per kilowatt-hour, while with the previous model the price would have been 52.6 cents, i.e. 15.3% lower. In September, prices again showed an increase, approaching 79 cents per kilowatt-hour, while under the previous pricing method they would have been 50.3 cents, i.e. 57% more expensive than the old model.

October will also close with a surplus for suppliers, as they billed on 20 September adjusted for a wholesale price of 460 euros/MWh, which, however, is moving up to today at 260 euros, with a downward trend. . Suppliers’ excess revenues over the previous two months did not lead to a corresponding increase for consumers, but they increased the amount of subsidies to keep them at 14-17 cents/kWh. It should be noted that in September subsidies reached 1.9 billion euros, and in October – 1.1 billion euros.

In addition to the positive situation of the de-escalation of natural gas prices and wholesale electricity prices, suppliers used the windfalls of the previous two months to strengthen their position in the competition in order to evade taxes, we offer low prices for October. The big winner will be the state, as subsidies will be limited to keep prices at around 15 cents per kilowatt-hour, as promised by the government, while the energy crisis lasts.

However, in an effort to reduce the burden on the budget as much as possible, the Ministry of Foreign Affairs, by decision of Minister Kostas Skrekas, began to redistribute income from emission auctions, increasing the percentage sent to the Energy Transition Fund, which finances subsidies for electricity from 74.9% to 77.3% .