Greece’s Energy Minister announced on Friday the electricity subsidy for the month of April, that is ridiculously decreased to 15 euros per MWh.
The minimum rate charged for electricity in April will fall below 9 cents per kilowatt hour based on the subsidies for next month, Environment and Energy Minister Kostas Skrekas announced on Friday.
The electricity consumption subsidy for households in April (for monthly consumption of up to 500 kilowatt-hours) will be 1.5 cents per kilowatt-hour or 15 euros per MWh.
The minimum rate charged for electricity in April will fall below 9 cents per kilowatt hour based on the subsidies for next month, Environment and Energy Minister Kostas Skrekas announced on Friday.
The electricity consumption subsidy for households in April (for monthly consumption of up to 500 kilowatt-hours) will be 1.5 cents per kilowatt-hour or 15 euros per MWh.
Electricity tariffs announced by providers earlier this week start at 10.4 cents, so that the minimum rate will drop to 8.9 cents per kilowatt-hour, Skrekas said.
Ninety percent of households belong to this consumption category (up to 500 kilowatt hours).
The subsidy for the Social Domestic Tariff was set at 5.4 cents per kilowatt hour or €54 in total and the subsidy for farmers at 1.5 cents or 15 euros.
The Energy Ministry reportedly does not foresee any subsidy for commercial consumers and special industry sectors as was the case in the previous months.
The amount to be paid in subsidies in April is 24.4 million euros, while in the last 20 months, more than 9 billion euros have been allocated in total.
“Electricity prices are on a path of significant decline due to the drop in international natural gas prices. Many providers have announced prices for April that approach pre-energy crisis levels. In April, consumers will see bills that are even lower compared to March,” said the Minister of Environment and Energy.
Skrekas emphasized that the only solution for a permanent reduction in energy prices is the green transition, adding that two new subsidized programs will be announced next month.
