Yesterday it was expected that by the fifth deadline, that is, shortly before 12 midnight, most providers would announce electricity bills november.

The late-night picture of the kilowatt-hour price households will pay in November improved significantly from the day before, with over 30% declines from the price in October. and in some cases even 50% as “Elin”, which announced shortly before 8 pm a price of 39.5 cents from 59.9 cents in October and a fixed 4.95 euros.

Most of the major providers that collect the largest shares, including PPC, seem to be priced at 40 cents per kilowatt-hour from 56 to 70 cents per kilowatt-hour in October and 68-80 cents in September.

Suppliers appear to have included in their November price forecasts a clear message sent early yesterday by a minister from the Renewable & Storage Forum. Kostas Skrekas, with the phrase “where excess revenue is generated, we will refund it and 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.

October will also close with a surplus for suppliers.

According to her information RAE According to the Ministry of Internal Affairs, in August the average price of a low-voltage tariff 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% .