The Egyptian Natural Gas Holding Co. (EGAS) and the Greek Copelouzos Group signed a shareholders’ agreement on Monday to establish a Greece-based joint venture. This venture will enhance the trade, transport, supply, and regasification of natural gas in Eastern Europe and Greece. This agreement aligns with Egypt’s strategy to strengthen …
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System on metro to harness kinetic power of braking trains to save energy
Urban Rail Transport S.A. (STA.SY), which operates the Athens tram and metro networks, on Thursday announced the signature of a contract with Siemens Mobility SA for the installation of systems that will harness the kinetic power of braking trains and convert this into electricity, creating energy savings. The project is …
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Emergency state electricity subsidy for households in August
The emergency subsidy for household electricity consumption in August will be 1.6 cents per KW (or 16 euros per MWh), the Environment & Energy Ministry announced on Thursday. Therefore, the end billing price for most consumers – depending on the tariffs of each provider – will be under 15 cents/KW, …
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“Greece-Turkey energy cooperation in the Aegean and S. Mediterranean”, says Greek CEO
Statements by the CEO of Enterprise Greece, Marinos Giannopoulos, on “Greece-Turkey energy cooperation in the Aegean and Southern Mediterranean” have raised question marks, reported diplomacy journalist Nikos Meletis on news website liberal.gr In an interview with Turkish news agency Anadolu, Galanopoulos presented investment opportunities in Greece and referred to pipelines …
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First exploratory drilling end of 2025, says Greek Energy Minister
The first exploratory drilling will begin at the end of 2025 and the beginning of 2026, Environment and Energy Minister Theodoros Skylakakis said on Tuesday, speaking at the meeting of the “East Mediterranean Gas Forum” (EMGF) held in Athens. As the minister pointed out, the gradual reduction of Russian natural …
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USA committed to upgrade Greece’s military, says ambassador Tsounis
The United States’ commitment to the upgrade of the Greek military is demonstrated by the US-Greece collaboration in the field of defense, US Ambassador to Greece George Tsunis underlined at the 9th Delphi Economic Forum on Thursday. He referred to the Letter of Offer and Acceptance to the Greek defense …
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High power prices in Greece? “Blame electricity theft!” says Energy GS
Consumers in Greece see an increase of electricity prices in April despite the decrease in the wholesale price. “Blame the electricity theft,” says General Secretary for Energy, Aristotelis Aivaliotis. The cost created by electricity theft is sent to providers who on their turn send it to consumers. 400 million euros …
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Energy Ombudsman to mediate between consumers and suppliers
The Greek Energy Ombudsman is a new service to facilitate the resolution of disputes between consumers and suppliers. The service goes in operation on Thursday, February 1, 2024, the Waste, Energy and Water Regulatory Authority announced today, Tuesday The Energy Ombudsman mediates in order to facilitate the out-of-court resolution of …
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Greece plans first offshore wind farms to reduce fossil fuel dependence
Greece on Tuesday moved toward building its first offshore wind farms, identifying areas for private development in a draft plan that the current government hopes will lessen the country’s dependence on fossil fuels. The Mediterranean country, which is surrounded by sea and has strong, steady winds suitable for producing energy, …
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Energy poverty in Greece: 1 in 2 households cut on food to pay energy bills
One in two households in Greece cut food expenses in order to be able to pay their electricity and heating bills, a research conducted by Greece’s Consumers Association EKPOIZO within the framework of the European program “Reverter”, with the cooperation of the Laboratory of Mining Technology and Environmental Mining of …
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Mitsotakis rules out joint Greek-Turkish exploitation of energy resources in the Aegean
If Turkey wishes to come closer to Europe and open itself to the West, Greek-Turkish dialog must resume, New Democracy leader Kyriakos Mitsotakis said in an interview to ANT1 on Wednesday. The dialog will concern “a single and only difference [between us], that is the delimitation of the Exclusive Economic …
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Greece’s “Energy Saving at Home” subsidy platform opened for applications
Greece’s online platform for the “Energy Saving at Home” subsidy program was launched on Monday, June 12, and will accept applications until September 15, 2023. It is estimated that around 20,000 households will participate in the program, which has a budget of 300 million euros. Out of this allocation, 60 …
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EU and ECB end electricity and energy support measures for citizens
The European Commission and European Central Bank chief Christine Lagarde urged EU governments to stop energy support measures to citizens. Speaking at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament on Monday ECB chief Lagarde said: “As the energy crisis fades, governments should roll …
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“Energy tourists” owe €300-400 million to Greece’s suppliers
“Energy tourists” in Greece have burdened energy suppliers with an estimated overdue debt of 300-400 million euros. “Energy tourists” are repordely households and businesses, who move from one electricity provider to another leaving unpaid bills. According to calculations by the General Manager of “Natural Gas” and president of ESPEN (Association …
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Greece at risk of blackouts during the Easter days, Distributor warns
Greece is at risk of blackouts during the Easter days, the Independent Power Transmission Operator (ADMIE) has warned. Reason for the problem is that this year, the participation power production by the Retail Electricity Suppliers (RES) has increased and there are still no energy storage units that could provide energy …
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Lower electricity rates in April, yet Greece “most expensive in Europe”
The majority of Greek power providers have announced significantly lower rates for April, following the easing of prices in the Greek energy exchange and in international markets. In many cases the prices are already lower than 15-16 cents per KWh, which is the target price for consumers after including state …
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“Housing armageddon”: EU Parliament bans sale/renting of homes without energy upgrade
The European Parliament has passed a regulation that bans sale or renting of homes without energy upgrade. All properties available for sale or rent must incur compulsory energy upgrade costs, costing tens of thousands of euros, from 2030 onward, based on what is stated in the relevant European Union directive. …
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Menendez praises Alexandroupolis as “major defense and energy hub”
US Senate Foreign Relations Committee Chairman Bob Menendez called the East Mediterranean as a “promising region” during the 1st East Macedonia & Thrace Forum in Alexandroupoli, examining the role of the region in upgrading Greece’s geopolitical footprint. In a video message, he highlighted the prospects of the region despite the …
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Greek Chambers urge for lower energy bills
A decline in energy cost must be rapidly reflected on Greek households’ and enterprises’ energy bills, Yiannis Masoutis, president of the Union of Hellenic Chambers said on Thursday. “It is a top priority that needs to become reality, without any delay, to rapidly reflect a decline in energy cost (electricity …
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A flurry of bankruptcies for Greece’s Bakeries
Soaring energy inflation, accumulated debt, increases in raw materials and declining consumption are increasing bakeries shutdowns in Greece, with bakers not even being able to put… bread on their tables. In the last two months, more than 50 bakeries have shut down, increasing the number of “locks” to 260 within …
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