Government subsidies to pay bills to reach €1.9bn in September electricity households and businesses, as stated by Minister of Environment and Energy Kostas Skrekas.

According to household tariffs, the subsidy for the first month of autumn will be 639 euros per MWh, thus absorbing 94% of the increase. For those who join the social tariff, 100% of the increase in the price of electricity will be absorbed, with a subsidy of 677 euros per MWh.

In particular, subsidies for household tariffs:

The subsidy covers all basic and non-basic benefits at the place of residence, for the entire monthly volume of consumption, without income criteria and regardless of the provider. We are talking about six million household items.

• In September, 94% increase householdsthe subsidy reaches 639 EUR/MWh.
• Average monthly allowance for CAT in September it is 677 euros, covering almost 100% of the increase.

The total subsidy for households in September is 748 million euros.

Business subsidies

Per small and medium-sized enterprisesup to 35 kVA, and for all bakeries and confectioneries, regardless of electricity supply, a subsidy of 604 euros / MWh is set for September, covering 89% of the increase.

The measure covers 1,250,000 business services such as restaurants, shops, kiosks, convenience stores, hairdressers, offices, bakeries, etc. and is valued at 401 million euros for September.

Per all other commercial and industrial facilities for > 35 kVA the subsidy is 342 EUR/MWh.

Per agricultural tariffthe subsidy is set at €639/MWh, covering 90% of the increase.

New end of accounts

At the same time, Kostas Skrekas said that from September a permanent risk compensation mechanism will be created, which will be powered by a new reserve account.

One will be sent to him contribution which will be included in YKO bills and will not exceed 1 minute/kWh for residential customers.

“With this risk hedging tool, we shield and protect the Greeks from future painful energy crises,” said the Minister of the Environment.

At the same time, he talked about rationalizing utility bills, with up to a 70% reduction in the burden on tariffs for households who have increased electricity consumption because, for example, they have replaced oil or natural gas with electricity for their needs. heating.

Mr. Skrekas also mentioned that with the completion of the major interconnection of Crete, YKO’s service fees will be reduced.

“A hard winter is coming”

At the beginning of his message, Mr. Skrekas warned that everything points to a winter full of problems and difficulties in terms of the adequacy of supplies and energy prices.

“Recent statements by European leaders and measures taken across Europe, based on the leading examples of what is happening in Germany and France, leave no room for illusions. The ongoing war is drastically exacerbating the energy crisis, and recent announcements by Gazprom that it will completely cut off natural gas supplies for three days due to maintenance, from August 31 to September 2, further exacerbate the problem, causing yesterday’s gas prices to fall to rise above 270 euros/MWh,” he said characteristically.

The Minister actually stressed that the energy crisis threatens the social cohesion of European states, and hence Greece.

For this reason, he said, the government is looking to create a safety net to help Greek consumers deal with these emergencies.

“We are determined to continue this consumer protection policy, which has become possible thanks to the balanced and effective economic policy that we are pursuing and the mechanism we have created to support citizens,” he concluded.

Measures taken by our country

As the Minister of Environment and Energy stated, in these unfavorable conditions, the government envisaged moving in two directions: ensuring the adequacy of natural gas and electricity supplies and creating an integrated network of actions to practically support households and professionals against the accuracy of energy.

The three axes of government action are:

1. New regulatory measures, such as a mechanism for recovering excess revenues from electricity production, transparency in prices announced by suppliers, and making it easier for consumers to switch to a free supplier.
2. A program of infrastructure and actions such as a new floating tank at Revitus, a new floating liquefied natural gas terminal at Alexandroupoli, a renewable energy surge and a doubling of lignite production.
3. Creation of the Energy Transition Fund

In this context, Kostas Skrekas said that in the first 41 days of operation of the new windfall mechanism, 1.21 billion euros were collected from electricity generation companies, which were directed to the Energy Transition Fund to strengthen subsidies to consumers.