From February, the landscape around them will begin to clear up “winners” and “losers” of the new colored electricity tariffs, as we are still paying the fees up to December: Three out of four consumers did not even go through the process of choosing and switched “automatically” to the “green” tariff and whatever “security” this provides. “winners” but maybe they will come out – even temporarily – those who took a risk and chose “yellow” color, i.e. floating charges. Those who set up a “watch” for blue invoice with a low fee.
As everything seems to be within the next month, it is not excluded, as enikonomia.gr reports, that those consumers who “dared” to choose the yellow (floating) tariffs, where the charge price does not is known in advance and is determined after the end of the month.
The offer of the providers on the yellow tariffs
This moment, providers have offered consumers two categories of yellow tariffs: those that also appear in the published tables of RAAEY and are only five with fixed prices, with the billing price given by the providers in advance, at the beginning of each month. In this tariff category, the cheapest products are priced from 124 to 140 €/MWh or from 0.124 €/kWh to 0.14 €/kWh.
The specific category, however, is the “expensive” yellow tariffs, as here the providers assume part of the risk of the wholesale market prices.
However, it seems that the yellow tariffs will have lower charges which at the moment do not appear in the tables of RAAEF: These are the floating invoices with subsequent determination of the billing price.
This particular category of floating tariffs is very reminiscent of the old tariffs with a readjustment clause, which of course “burned” consumers when wholesale prices rose sharply. Only this time the picture is completely different: Today, wholesale prices are in a downward channel, and this turns current period adjustment clauses into an “ally” of consumers, since they drag down charges.
Why are yellow tariffs favored now?
How, then, are consumers who have chosen yellow tariffs with post-fixed electricity prices benefited? The wholesale prices are the basis for calculating the surcharge that the tariffs of this category take, and the lower they are, the lower the final charge price will be, which will be known to consumers in early February.
It is indicative that, according to the data published by RAAEF on wholesale electricity prices in Europe and in the Greek market, so far in January the average wholesale price in Greece is lower than 100 euros/megawatt hour, at 96 euros.
This is a price that we detect in the market in the first half of 2021, as since then only for a very short period in 2023 we had prices below 100 €/MWh, while in 2022 the wholesale price had escaped well above 400 €/MWh.
Wholesale prices, which are low because the European price of natural gas has dropped to around €30/MWh, are a pleasant surprise for the providers themselves. It is characteristic that, at the beginning of December, when they made their first calculations for January’s retail prices, they had set a wholesale price exceeding €120/MWh as a basis for calculation.
How costs are calculated on yellow tariffs
Thus, in order for a consumer to approximate the price that will be set up in that category of yellow invoice they will have to make an assumption about the average wholesale price of the month, essentially taking a bet. From there, he should know what is the basic charge price in each yellow tariff, what is the maximum price, beyond which the variation mechanism is activated, i.e. the new form of the adjustment clause, as well as what is the mark-up factor that has been adopted by the company in each yellow invoice product (a number slightly greater than the unit).
The opportunity to select a blue invoice with a low price
In any case, a lot of research will be needed on the part of the consumer, and of course he should always keep in mind that there may be unpleasant surprises in the electricity market, as prices may suddenly go uphill.
However, if the wholesale prices do not show any unforeseen increase, the tariffs of this category may turn out to be the cheapest this year.
Either way, choosing a yellow invoice is a “bet”.
On the contrary, there were not a few consumers who preferred the blue tariff (fixed charge), wanting to avoid surprises in the future, even if they pay something more.
However, those who “automatically” switched to the “green” special tariffs (and they are 7 out of 10) will have the opportunity in the next period to follow the competition in the fixed charges as well: There is already a company that launched a blue fixed tariff on the market with a price of 12 ,3 minutes/Kwh and a duration of 8 months. It is therefore possible that other providers will follow with lower fixed charges or even at prices that move at similar levels, giving the opportunity to those who are in a different color to jump into relatively calm waters for as long as possible.
Source: enikos.gr
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