Greek government declares a is €200pMW subsidy in July
Greek government declares a is €200pMW subsidy in July

Greek government declares a is €200pMW subsidy in July

The total amount of subsidies for July rises to 722 million euros.
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RE+D magazine
05.07.2022

The Minister of Environment and Energy Kostas Skrekas announced significantly increased subsidies to cover part of the electricity cost in July.

In particular, the subsidies for July are structured as follows:

  • Household consumption: horizontal coverage of all without exceptions and income criteria and without monthly consumption limits. The subsidy is 200 euros per megawatt hour, a size that absorbs up to 84% of the increase, and 240 euros for Social Household Tariff beneficiaries for whom up to 100% of the increase is absorbed.
  • For professional tariffs with a supply power of up to 35 kva (bakeries, shops, patisseries, mini markets, kiosks, etc.) the subsidy is 192 euros per megawatt hour.
  • For rural areas, 213 euros per megawatt hour.
  • For the rest of the professional and industrial sectors with a supply power of more than 35 kva, a subsidy of 148 euros per megawatt hour.
  • For professional and industrial consumption of natural gas, 30 euros per megawatt hour.

With these data, the total amount of subsidies for July rises to 722 million euros, a size that is 300 million euros higher than in June.

In total since September, when the subsidies on energy bills began, the amount that has been spent exceeds 5 billion euros and is, as Mr. Skrekas pointed out, the largest in the EU in proportion to the GDP and the potential of the economy.