The Ministry of Environment and Energy is considering a series of alternative measures to reduce the effects of rising electricity prices on vulnerable consumers, in order for the final decisions to be finalized within the week and to be announced by the Prime Minister at the TIF.
According to reports, on the table is the extension of the application criteria of Social Housing Invoice which ensures lower charges for economically disadvantaged consumers, while the measures under investigation for financing the measure include the channeling of part of the revenues from the auctions of the carbon dioxide emissions without compromising the viability of the renewable sources financing account where most of the revenues from the sale end up..
It is being examined, also, to discount the benefit of the interconnection of Crete, which eases the Utility bill, although with lower chances of implementation as the relevant sizes have not been finalized.
According to his data IPTO the wholesale price of electricity increased dramatically, in 113,4 euros per megawatt hour in July versus 62-64 euros that was at the beginning of the year while last year, due to the pandemic had fallen under and 40 euro.
Carbon dioxide emission rights, which burdens the production costs mainly of lignite but also of gas units, reached the second quarter of the year at 52 euros per tonne against 22-27 last year.