As Greece braces for higher electricity bills in October, government messaging paints a more optimistic picture. While market estimates suggest an upward trend in tariffs, Prime Minister Kyriakos Mitsotakis has expressed confidence that energy costs could stabilize—or even decline—in the coming months.
The prime minister highlighted the recent easing of prices, stressing that after a prolonged period of volatility, Greece appears to be returning to a more predictable energy market, addressing the cabinet during a meeting on Tuesday, September 30.
This, he argued, reduces the need for additional state subsidies while keeping costs within reach for households and businesses. He also hinted at forthcoming announcements tailored to energy-intensive industries, which have been hit hardest by soaring prices.
Still, September’s relief on household bills seems short-lived. The average wholesale price closed the month at 92.77 euros per megawatt-hour, up from 73.13 euros in August—a jump of nearly 27 percent. Energy providers are now expected to adjust their tariffs accordingly, with consumers facing higher costs in October.
Although the rise is projected to be less steep than early forecasts indicated, the prospect of more expensive electricity underscores the fragile balance between market forces and government efforts to shield consumers.
Source: tovima.com
