PPC raises November green household tariff 6.2% as October wholesale power rises 26%

Green household tariffs rise for November

Public Power Corporation (PPC, ΔΕΗ) published its November price lists on the evening of Sunday, 1 November, and set the variable green household tariff (Γ1/Γ1N) at 0.169 euro per kWh. That is up from 0.15913 euro per kWh in October, a rise of 6.2%, because PPC keeps an 88.3% discount on the nominal price and absorbs most of the increase in wholesale costs. For consumption up to 200 kWh the company lists 16.9 cents per kWh, while consumption above 200 kWh is priced at 28.4 cents. PPC's fixed blue myHome Online offer is priced at 0.130 euro per kWh, which the company presents as protection against market swings, with the previous price given as 0.11 euro per kWh. Other suppliers announced green household prices of 26.4 cents per kWh for Protergia, 33.4 cents for NRG and 36.2 cents for Volton.

PPC up to 200 kWh16.9

PPC above 200 kWh28.4

Protergia26.4

NRG33.4

Volton36.2

PPC up to 200 kWh

16.9 cents/kWh

PPC above 200 kWh

28.4 cents/kWh

Protergia

26.4 cents/kWh

NRG

33.4 cents/kWh

Volton

36.2 cents/kWh

Data from the article text

Wholesale prices climb toward 2022 levels

Wholesale electricity averaged 197 euro per MWh in October, up 26% from September and 75% from a year earlier, following 156 euro per MWh in September and 133 euro per MWh in August. The monthly progression is shown below.

2026-08

133 euro/MWh

2026-09

156 euro/MWh

2026-10

197 euro/MWh

Data from the article text

The driver is gas. European gas prices were quoted at around 102 to 104 euro per MWh, with the start of November at about 104 euro per MWh, a 271% increase on the same month last year and a four-year high, according to figures cited by ERT. The wholesale price reached 261 euro per MWh on 1 November and 312 euro per MWh on Monday, 2 November, while the day-ahead average on the Greek exchange was given as 312.72 euro per MWh. Other European markets were priced between 259 euro per MWh in Germany and 395 euro per MWh in Ireland that day, with Bulgaria at 317 and Poland at 359.

Germany259

Greece312

Bulgaria317

Poland359

Ireland395

Germany

259 euro/MWh

Greece

312 euro/MWh

Bulgaria

317 euro/MWh

Poland

359 euro/MWh

Ireland

395 euro/MWh

Data from the article text

Athens seeks EU relief as inflation risk grows

The Greek government has asked the European Commission to allow use of part of a 1 billion euro escape clause to support consumers facing the new increases. The energy ministry (ΥΠΕΝ) asked the EU energy ministers' council, in the week of 26 October, for a joint session with finance ministers to discuss the request. The Commission is reportedly resisting, because it considers such subsidies do not offer a long-term solution to energy costs and prefers structural measures with lasting effect. Athens is reportedly waiting out November, with any state intervention expected in December and possible fiscal flexibility from the European Commission, while its fiscal room is tight after fuel subsidies.

Pass-through and inflation

Market participants expect that part of the wholesale rise will pass through to tariffs, and that green tariffs in particular will see larger increases. Without a halt to the electricity rally, electricity could push inflation above the levels that fuel prices have already produced. Greek coverage draws the comparison with winter 2022, when Russia's invasion of Ukraine and the cut in Gazprom pipeline gas to Europe pushed consumer prices to similar levels.