Greece: Electricity Prices Set to Rise in October

As Greece braces for higher energy bills successful October, authorities messaging paints a much optimistic picture. While marketplace estimates suggest an upward trend successful tariffs, Prime Minister Kyriakos Mitsotakis has expressed assurance that vigor costs could stabilize—or adjacent decline—in the coming months.

The premier curate highlighted the caller easing of prices, stressing that aft a prolonged play of volatility, Greece appears to beryllium returning to a much predictable vigor market, addressing the furniture during a gathering connected Tuesday, September 30.

This, helium argued, reduces the request for further state subsidies while keeping costs within scope for households and businesses. He besides hinted astatine forthcoming announcements tailored to energy-intensive industries, which person been deed hardest by soaring prices.

Still, September’s alleviation connected household bills seems short-lived. The mean wholesale terms closed the period astatine 92.77 euros per megawatt-hour, up from 73.13 euros successful August—a leap of astir 27 percent. Energy providers are present expected to set their tariffs accordingly, with consumers facing higher costs successful October.

Although the emergence is projected to beryllium little steep than aboriginal forecasts indicated, the imaginable of much costly energy underscores the fragile equilibrium betwixt marketplace forces and authorities efforts to shield consumers.

Source: tovima.com