Greece, Natural gas subsidies doubled in April

, SEE Energy News

Greek Ministry of Energy announced that state subsidies for natural gas for both residential and commercial consumers will be doubled in April in order to further mitigate the effect of rising energy prices.

The statement from the Ministry said that the subsidy will be raised to 40 euros/MWh from 20 euros/MWh in March.

The move will benefit some 540,000 residential gas consumers that rely on natural gas for heating, as well as thousands of commercial consumers A discount for industrial producers and hospitals is also being extended by the state- controlled gas distribution network operator DEPA.

The new support measures will come to a cost of 88.74 million euros for April, up from 63 million euros in March.