Greece, New electricity subsidy scheme will be based on consumption levels

, SEE Energy News

The Greek Government is preparing to replace current flat-rate electricity subsidy scheme, which is offered to all consumers regardless of their level of consumption, with a new model based on electricity consumption. The new model should be implemented in October.

Under the new models, subsidies will be determined by an algorithm taking into account energy savings. It is not yet decided whether subsidies will only be awarded to consumers who have achieved specific consumption reduction targets, or whether various subsidy levels offered will be inversely related to electricity usage.

For example, consumption levels of up to 300 kWh per month could by subsidized by certain amount that would be reduced for consumers exceeding this monthly consumption limit.