Greek electricity suppliers are stepping up efforts to shift households onto fixed-price contracts as higher wholesale costs lift variable tariff levels. The changes are reflected in October pricing for green and blue retail products.
Average green variable tariffs increased from €0.205/kWh in September to €0.237/kWh in October, an increase of about 16%. Across much of the market, October increases ranged from 6.7% to 27%. Heron kept its tariff unchanged at €0.148/kWh.
Wholesale price rise behind October tariff adjustments
The tariff movement followed a 17.2% increase in Greece’s average wholesale electricity price in September. The wholesale price rose to €156.3/MWh from €133.4/MWh in August.
PPC, accounting for around 70% of the green-tariff market, maintained its fixed “blue” tariff at €0.115/kWh. PPC also set a monthly fixed fee of €3.50 for the fixed product.
PPC tiered variable rate and fixed-price targeting
PPC’s variable tariff rose to €0.159/kWh for monthly consumption below 200 kWh. For consumption above that threshold, the rate increased to €0.219/kWh and applies to the household’s full monthly consumption.
More than 3 million consumers are being targeted for fixed-price products. The widening gap between fixed and variable pricing is linked to the growing role of price certainty for households, while suppliers manage wholesale exposure when committing to fixed retail rates.
