In July, the price of variable-rate electricity rose sharply, reaching levels not seen since state support ended earlier this year. Recent supplier announcements show that the average price for a variable “green” kilowatt-hour has climbed to around 0.18 euros, marking increases ranging from 4% to 15%.
This price hike is partly due to fluctuations in the futures market and partly driven by suppliers encouraging customers to switch to fixed-rate “blue” plans. So far, more than 1.2 million households have opted for one of the 27 available blue-tariff options, which offer fixed rates for one to two years and discounts of up to 70% compared to variable pricing.
Even when factoring in a fixed monthly fee of 10 euros, blue tariffs remain 15% to 20% cheaper than the variable green rates in July. Despite this, over 4 million consumers still have variable contracts, though fixed-rate subscriptions are increasing by about 50,000 to 60,000 each month.
Among major suppliers, PPC raised its variable rate from 0.144 to 0.156 euros per kWh, an 8.3% increase. Protergia increased its price to 0.169 euros after weeks of stability, while Heron raised its rate by 12.3% to 0.164 euros. Elpedison now charges 0.2011 euros for consumption over 100 kWh, a 9.9% rise, and NRG set its rate at 0.1955 euros, up 15%. Zenith’s tariff stands at 0.2055 euros, a 10.1% increase, Fysiko Aerio’s is 0.1979 euros (up 4.6%), followed by Volton at 0.1877 euros and Elin at 0.1424 euros per kWh.
