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Tag Archives: electricity

New electricity tariffs without adjustment clause to be announced

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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Gov platform to receive 60% rebate on electricity scheduled to open mid-June

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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Greece’s Gov’t mulls new support plan as anger over energy prices grows

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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Support measures: Subsidies with the dropper against soaring prices

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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Inflation in Greece hits record 7.2% in February; Gas up 78.5%, electricity 71.4%

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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Greece and Egypt talk again about the electricity interconnection project

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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Food sector in Patras turns lights off, march to protest power bills

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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New energy subsidies for February: “Peanuts” for households and businesses

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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Greek gov’t increases subsidy for households burdened by energy hikes

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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Greece, Cyprus, Israel sign EuroAsia Interconnector agreement to link electricity supply

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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