The state subsidies that the government will give to households and businesses for the payment of electricity bills will be around at the same levels as in April.
According to available information, the total amount that will be allocated from the Energy Transition Fund is expected to be around 550 to 600 million euros and comes from the auctions of gas pollutant rights and the Special RES Account.
It is worth noting that according to the data so far, the price of wholesale electricity is slightly lower than in March. More specifically, it is just over 242 euros per megawatt hour, while in March it had closed at average levels at 272.68 euros.
Bolstering aid
Thus, even if the above estimates are finally confirmed for May, the average monthly aid for an average household consuming up to 300 KWh (Kilowatt hours) / month will be around 72 euros.
For the beneficiaries of Social Housing Invoices, the average monthly aid will be around 87 euros.
For business consumers, regardless of voltage level, who are contracted on floating billing, the unit subsidy is expected to be 130 euros / MWh for monthly consumption.
For professional consumers (professional, industrial, agricultural use) with power supply up to 35 kVA and for all bakeries regardless of power supply, the total unit subsidy of these categories is expected at 230 euros / MWh.
It is reminded that for this category of electricity consumers, subsidies will be given retroactively for the months of January, February and March.
But also for gas, the information wants to continue subsidizing households and businesses for the month of May. The state subsidy is expected at 40 euros per thermal megawatt hour.
Latest News
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.