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
ELSTAT: Greek Health Expenditures Reach €5.89 Billion in 2022
Finally, healthcare financing as a percentage of GDP decreased to 8.5% in 2022 from 9.18% in 2021, as per the Health Accounts System report.
Sonoco Paper Mill Plants Close After 30 Years in Greece
The shut down of the two paper mills in northern Greece comes a week after a glass plant closed in Athens
BoG: Private Deposits Down by 1.068bln Euros in Feb. 2024
Corporate deposits decreased by 912 million euros, compared to a decrease of 3.167 billion euros in the previous month
Greeks’ Buying Power Second Lowest in the EU
Greeks’ purchasing power is under pressure, ranking 26th among 27 EU member states.
Greek FinMin Says Digital Work Card Tackling Undeclared Work
Greece's recently launched digital work card aimed at tackling undeclared labor has already started to produce results, said Economy and Finance Minister Kostis Hatzidakis
MSC Cruises: More than 400 Visits to Nine Greek Destinations
MSC Cruises, a subsidiary of international shipping line Mediterranean Shipping Company S.A, will be sailing to Greek ports as of this month, expanding operations in the region year-round
Eurostat: Greece Among Cheaper Hourly Labor Cost Zones
In contrast, the countries that posted the highest hourly labor costs are Luxembourg (53.9 euros), Norway (51.9 euros), Iceland
GSEVEE: Economic Sentiment Indicator in Greece Down in Q2 2023
The drop follows a significant uptick in the ESI in the second half of 2022 (69.5 units) and a slight decline in the first half of 2023 (66.7 units)
Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace
Greece surpasses this with 45%, showcasing progress but also room for improvement. Sectors like Consumer Goods and Services lead with 69% reporting full equality globally
Bank of America (BofA): Three Reasons Greek Economy Outperforms EC Average
BofA projects growth of 1.1% in 2024 and 1.7% in 2025, compared to forecasts for eurozone growth at 0.4%/1.1%, respectively