The Ministry of Environment and Energy locked in March the state aid for electricity and gas bills of households and businesses.
According to information, the wholesale electricity price closed in February at 213.43 euros / MWh. It was lower than in January (227 euros / MWh), while in the first two days of March the price on the Greek Energy Exchange is at the level of 255 euros / MWh, having started a 45% upward race compared to 24 February, when Russia invaded Ukraine.
Also, the price of TTF gas returned to the high levels of 130 euros / MWh that had occurred on the day of the war (132 euros). Yesterday, to be precise, it closed at 128.5 euros / MWh, when during January it had fallen even to 62 euros / MWh.
With these data, the political leadership of the PEN ministry decided to maintain for March the same aid as in February, both in electricity and gas. This is reported by sources, according to which, RIS has already notified the energy suppliers about the decisions.
Electricity bills
Thus, for the electricity bills of the main household residence, the aid will be as follows:
· At 150 euros / MWh (0.15 euros / kWh) for the first 150 kWh consumption
· At 110 euros per MWh (0.11 euros / kWh) for the monthly consumption from 151 – 300 kWh
So the average monthly aid for an average household consuming up to 300 kWh / month is 39 euros in February.
· In households that are included in the Social Household Tariff (CTO), the subsidy will amount to 170 euros per MWh (0.17 euros / MWh) for the first 300 kWh of monthly consumption.
So, the average monthly aid for the CTO is 51 euros.
For business consumers, who are contracted on floating electricity tariffs, the unit price of the subsidy remains at 65 euros / MWh.
Gas bills
To the domestic consumers, the subsidy of the Energy Transition Fund will be at 20 euros per thermal MWh, while another 20 euros per thermal MWh will be given by DEPA Trade. That is, the benefit will be total 40 euros per thermal MWh.
For the gas bills of all commercial and industrial consumers regardless of size, turnover and number of employees the subsidy will amount to 20 euros per thermal MWh for the total monthly consumption
Latest News
Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year