Green tariff charges remained almost unchanged in March compared to the previous month, with companies choosing to absorb the 14% increase in the wholesale electricity market by applying larger discounts.
According to the companies’ announcements, the charges for special – green tariffs range between 15.48 and 23.101 euros per kilowatt-hour, with the average price for household products standing at 18.8 euros per kilowatt-hour, up by just 1% compared to the previous month.
As “N” had published in a previous report, the fluctuation of prices in the wholesale electricity market confirmed the estimates of a significant increase in February, with the relevant figure “closing” at 154.09 euros per megawatt-hour compared to 135.13 euros per megawatt-hour in January.
In fact, the average wholesale price for February is a two-year high and reflects the upward trends that prevailed in the energy market overall last month following the decline of green energy in the energy mix, the increase in demand and the higher gas prices at a European level.
Subsidy is the only way
In this context, the continuation of subsidies on electricity bills in the current month is the only way to maintain the average charge at the “reasonable” level of 15 cents per kilowatt-hour, with initial information indicating that the Ministry of Environment and Energy (MEE) is about to implement the measure in March as well.
Given that most companies have kept their tarrifs stable, the need for subsidies is limited to the level of one and a half cents per kilowatt-hour in order to achieve a similar result to the previous month in final prices.
