The subsidy on household electricity tariffs reached €40pMWh
The subsidy on household electricity tariffs reached €40pMWh
  Economy  |  Greece

The subsidy on household electricity tariffs reached €40pMWh

The crisis has eased but it is not over, the Minister of Environment and Energy Kostas Skrekas points out.
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RE+D magazine
31.01.2023

The subsidy on household electricity tariffs for February reached at €0.04 per kilowatt hour (40 euros per megawatt hour), for 90% of consumption (up to 500 KWh per month), according to the announcements made by the Minister of Environment and Energy Kostas Skrekas .

The subsidy is linked to energy savings for higher consumption levels. 

As the minister pointed out, we are in a period of drastic de-escalation of international natural gas prices, which is also a result of the adoption of the European mechanism for imposing a ceiling on Natural Gas. "This development did not come by chance, nor by itself. 

I recall that since March 2022, Prime Minister Kyriakos Mitsotakis was the first to propose the imposition of a realistic ceiling on natural gas prices to limit speculation in international markets," he stressed Mr. Skrekas. He added that the crisis has eased but is not over and the government has pledged to stand by consumers as long as the volatility lasts.