Some consumers will pay a lot or almost a lot electricity which they will consume in September, while the majority, over 70%, will pay between 14 and 16.1 cents/kWh.

This comes after deducting a €649/MWh subsidy announced by the government to cover 94% of household tariff increases, leaving a total of €1.9 billion for September. For households alone, the total subsidy is 748 million euros and covers all basic and non-basic residential benefits for all consumption without income criteria.

This is the largest monthly grant given since the launch of the subsidy scheme, as a result of both a significant increase announced by providers and an increase in utilization rate to 94% compared to 80% and 85% in previous months. The average monthly CTO assistance is 677 euros in September, covering almost 100% of the increase.

In September, as in August, the reference point for calculating the state subsidy was the KPP tariff, which is collected by more than 63% of consumers. Except that PPC, unlike August, which was the cheapest supplier (48.4 cents per kilowatt-hour), became the most expensive in September, raising the nominal charge per kilowatt-hour to 78.8 cents per consumption to 500 kilowatt-hours and up to 80 cents for consumption up to 500 kilowatt-hours. above 500. Thus, the government, in order to stay true to its commitment to keep tariffs at 14-17 cents/kWh, could not ignore the high tariff of the largest supplier, that is, a wide range of households. . However, the definition of the subsidy on the basis of the highest tariff has led to prices that did not exist on the market even before the crisis, and even to negative prices, which causes skepticism about the basis for calculating the subsidy every time in order not to overburden, on the one hand, the budget and, therefore, taxpayers, and on the one hand, to give the right signal to consumers about the real cost of electricity and the need to save as much as possible, and above all to have an incentive to reduce prices from suppliers.

The case of the Generous Iron tariff is indicative. The nominal price is 75 cents/kWh and after the constant discount (20%) it drops to 60 cents. After the subsidy is removed, the nominal price drops to 11.1 cents, while the price for regular customers becomes negative at -3.9 cents. The persistence discount will be credited by the company to the next month’s bill.

In some cases, accounts with negative values ​​are created.

A very low fee of around 4 cents nominal is a subsidy under the Natural Gas tariff. With the persistence discount, the fee is reduced to 2 minutes/kWh. The minimum of 4.4 cents per kilowatt hour is formed after the subsidy and discount available to all its customers in the Elpedison tariff, ZeniΘ at 4.8 cents, Elin at 6 cents and NRG at 10.9 cents.

The highest tariff – 14.9 cents per kWh and 16.1 cents for consumption over 500 kilowatt-hours – is PPC, followed by Watt+Volt – 14.5 cents, Protergia – 14.31 cents and Volterra – 13.9 minutes per kilowatt hour.

Even after the subsidy, the Volton tariff remains at a maximum of 35 minutes, which, however, gains a share of 1.37%.

As for businesses, and based on what Minister of the Environment and Energy Kostas Skrekas announced yesterday, for SMEs with electricity supply up to 35 kVA and for all bakeries, regardless of electricity supply, the subsidy has been set for September in the amount of 604 EUR/MWh , which is 89% of the increase. The measure covers 1,250,000 business units such as restaurants, shops, kiosks, convenience stores, hairdressers, offices, bakeries, etc. and is valued at 401 million euros for September. For all other commercial and industrial supplies above 35 kVA, the subsidy is 342 EUR/MWh.

For the rural tariff, the subsidy is set at €639/MWh, covering 90% of the increase.

New emergency reserve

Kostas Skrekas, Minister of the Environment and Energy, announced yesterday that a permanent risk compensation mechanism will be set up in September to protect consumers from painful energy crises in the future.

This mechanism will be fueled by a new reserve account to which a fee will be directed, which will be collected from the YKO fee and, according to the minister, will not exceed 1 minute / kilowatt-hour for residential consumers. The creation of this new mechanism will take place simultaneously, according to the minister, with the rationalization of YKO fees, which will reduce the burden on households by up to 70%.
tariffs that have increased electricity consumption because, he said, they have, for example, replaced oil or natural gas with electricity for their heating.

In essence, the Minister described the reconfiguration of existing HYD fees towards the abolition of the tiered fee and the establishment of a horizontal fee based on a low first scale fee that would increase by the amount of the fee collected. The first Yuko scale up to 1600 kilowatt-hours/four months, which includes the majority of consumers, is currently being charged.
6.90 euros/megawatt-hour.

For the second from 1601 to 2000 kWh/four months, a fee of 50 euros/MWh is charged, and for the third over 2001 kWh/four months –
85 euros. With the reconfiguration, the scale will be abolished and YKO for all types of consumption will be charged at the rate of 17 EUR/MWh. In effect, there will be an increase of around €10/MWh for consumption up to 1600 kWh in four months, and a decrease of around €33/MWh and 68 €/MWh respectively for the next two scales.

The income that can be generated for the reserve account from residential customers alone is estimated at about $350 million per year. Yesterday, the Interior Ministry did not specify whether the fee would also be levied on medium and low voltage companies, while circles
the ministry announced that the high-voltage enterprises were released. The creation of the mechanism is a clear indication of the government’s concern about the course that prices will take in the next period.