July 25, 2022
Economy
Greece will extend subsidies to power bills at a cost of more than 1.1 billion euros in August to support households and businesses amid a spike in energy prices, Energy Minister Kostas Skrekas said on Monday. Final consumer prices for electricity are expected to be set at 15-17 cents per …
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July 3, 2022
Economy, FEATURED
Energy suppliers in Greece will have been announced new electricity tariffs by next Sunday, July 10, media report. The new tariffs will not include the adjustment clause and will be effective as of August, 1, 2022 The government aspires with the combination of measures implemented in the wholesale and retail …
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June 2, 2022
Economy, FEATURED
A First Instance Court in Athens partially accepted on Thursday the issuance of a temporary order that prohibits power companies to proceed with consumers’ power outage in case of not payment of the adjustment clause. The temporary order was requested by Greece’s consumers organizations INKA and EKPOIZO. The Multi-Member Court …
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May 25, 2022
Economy, FEATURED
An amendment legislating for an emergency subsidy pr rebate of up to 600 euros for energy consumers and an emergency levy on electricity producers was tabled in Parliament late on Tuesday. The measures are part of a support package to offset soaring electricity prices recently announced by the government. The …
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May 5, 2022
Economy, FEATURED, Greece
Prime Minister Kyriakos Mitsotakis announced on Thursday evening a package of relief measures for households and businesses with the aim to tackle the soaring energy prices and to calm down an increasing social anger. In his televised message the Prime Minister announced a program of four key points that includes …
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May 4, 2022
Economy, Greece, Politics
Alerted by the citizens’ anger over the energy prices and the increasing cost of living the conservative government is promising to come up with a new national support plan for the benefit of households and businesses. The plan is expected to be implemented in June. The national plan will be …
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March 17, 2022
Economy, FEATURED
Finance Minister Christos Staikouras announced the details of the four new support measures to households and businesses. The 3-month package with a total cost of 1.1 billion euros for some 3,200,000 includes a one-off allowance of 200 euros, subsidy for fuel and electricity bills. The package aims to strengthen mainly …
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March 10, 2022
Economy, FEATURED
Greece’s Consumer Price Index (CPI) rose further to 7.2% in February 2022, the Greek Statistics Authority said on Thursday. Media speak of the highest inflation rate in the last 16 years. Data showed the surge resulted from a 78.5% rise in natural gas, 71.4% in electricity, 41.5% in heating oil, …
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March 8, 2022
Economy, FEATURED
Fuel prices climbed over 2 euros per liter on Tuesday as desperate Greeks incl those belonging to the middle-class hold their breath before opening the electricity or natural gas bills. Despite some price de-escalation in the electricity wholesale market the price remain exorbitantly high for the average consumer. Significant de-escalation …
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March 3, 2022
Economy, FEATURED
Shock and awe for the electricity prices in Greece that jumped by 29% within 24 hours and brought the wholesale price at the pre-day market of the Energy Exchange at 362,22 euros per megawatt hour with the war in Ukraine and the sanctions against Russia to play a significant role. …
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March 3, 2022
Economy
Prime Minister Kyriakos Mitsotakis on Thursday had an online meeting with Egyptian President Abdel Fattah el-Sisi. The talks focused on the implementation of the project for an electricity interconnector linking Greece and Egypt, which is a strategic priority for both countries. The basis of the power link is the Memorandum …
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February 16, 2022
Economy
Ιn Patras and other cities and towns of Peloponnese, businessmen inf the food service sector turned off the light on Wednesday evening and marched with candles through the streets to protest the exorbitant electricity bills. Holding banned reading “Power is killing us” and shouting slogans, they marched with the support …
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February 11, 2022
Economy, FEATURED
“Turn off the lights and the water boiler, then it costs to the pocket.” Greece’ Energy Minister Kostas Skrekas needed almost half a year of soaring electricity prices to come up with this genius proposal to the Greeks who are puzzled about their power bills and have no idea how …
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February 9, 2022
FEATURED, Social, Society
Greece’s Environment and Energy Minister Kostas Skrekas announced on Wednesday the subsidies for electricity and natural gas that will apply in February for households and enterprises. The subsidy for electricity will be 39 euros per MWh for households, that is 3 euros less than in January. The subsidy for enterprises …
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October 21, 2021
Economy, FEATURED
Greece is proposing to European Union to import natural gas or electricity from North Africa as alternative to the energy crisis. At door steps comments ahead of the European Council meeting on Thursday, prime minister Kyriakos Mitsotakis said that he would brief his counterparts on developments in the Eastern Mediterranean …
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October 8, 2021
Economy, FEATURED
The Greek government announced on Friday a package of additional funds to ease the financial burden on households and protect them from further increases in electricity and natural gas prices. The package includes measures such as doubling the amount of subsidy for electric power, additional reductions for households also in …
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August 2, 2021
FEATURED, Greece
Greeks were urged on Monday to limit the use of electricity amid a 11-day-long heatwave that strike the country with temperatures of 44-45 degrees Celsius. Reason is the energy grid’s warning of a power blackout. The country’s Energy Ministry issued a statement urging citizens to limit power and thus at …
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June 22, 2021
FEATURED, Greece, Politics
Greece and Egypt discuss the electricity interconnection between the two countries. The project envisages the interconnection of the mainland electricity grids of Greece with Egypt, which will be the first between Europe and Africa in the region of the Southeastern Mediterranean with the laying of a submarine cable. Τhe plans …
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March 9, 2021
Greece, World
Greece, Cyprus and Israel signed an agreement in Nicosia on Monday linking the electricity supply of the three countries through a cable to be built, the EuroAsia Interconnector. Greek Environment & Energy Minister Costas Skrekas said during the signing event that the EuroAsia Interconnector “will contribute decisively to end Cyprus’ …
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February 18, 2021
FEATURED, Very Mix
Some 8 to 10 thousands households in northern Athens and the region of Attica remain without power on Thursday noon, many of them since Monday night. In addition, many have no water as the supply is directly connected to electricity operation. Furthermore, fallen trees on roads and vehicles and electricity …
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