Greece, The minimum price of electricity in April will fall below 9 eurocents/kWh

, SEE Energy News

Greek Minister of Energy Kostas Skrekas announced that the minimum price of electricity in April will fall below 9 eurocents/kWh, based on the subsidies for next month.

The electricity consumption subsidy for households in April (for monthly consumption of up to 500 hWh) will be 1.5 eurocents/kWh.

Electricity prices announced by suppliers earlier this week start at 10.4 eurocents, so that the minimum price will drop to 8.9 eurocents/kWh. Some 90 % of households belong to this consumption category.

The subsidy for vulnerable consumers was set at 5.4 eurocents/kWh and the subsidy for farmers at 1.5 eurocents/kWh.

The amount to be paid in subsidies in April, financed mainly by the taxation of energy companies and CO2 emission rights auctions, stands at 24.4 million euros, while in the last 20 months, more than 9 billion euros has been allocated in total.

Minister Skrekas said that electricity prices are on a path of significant decline due to the drop in international natural gas prices, adding that many suppliers have announced prices for April that approach pre-energy crisis levels.

He emphasized that the only solution for a permanent reduction in energy prices is the green transition, adding that two new subsidized programs will be announced next month.

Sign up for updates & special reports

error: Content is protected !!