Creece, State will extend subsidies to electricity bills at a cost of more than 1.1 billion euros

The total amount of subsidies exceeds 1.13 billion euros next month and absorbs up to 90 % of the increase for all residential consumers for the total monthly consumption and for main and secondary residences and 80 % of the increase for small and medium-sized companies with a supply up to 35 kVa and up to 99 % of the increase for farmers.

For industrial consumers, the subsidy will amount to 250 euros/MWh, absorbing up to 67 % of the increase. For natural gas and for commercial consumers, the subsidy amounts to 30 euros/ MWh.

The subsidies are increased by 411 million euros compared to July. Some 500 million euros will be covered by the Energy Transition Fund with money that has been collected by taxation of extra profits of energy producers.