On Friday the Ministry of Environment and Energy announced the framework for electricity subsidies targeting approximately one million businesses across Greece. The subsidies will cover variable electricity tariffs for the three-month period from December 1, 2024, to February 28, 2025, aiming to offset average price increases experienced during the winter.
According to the Ministry, the aid package is structured into three business categories, based on annual turnover in the 2023 fiscal year, with each receiving a different level of subsidy on their electricity consumption:
Group 1 includes businesses with an annual turnover of €0 to €500,000, receiving €0.02 per kWh on 100% of their electricity use.
Group 2 includes businesses with turnover between €500,000.01 and €1,000,000, receiving €0.02 per kWh on 80% of their usage.
Group 3 covers those with turnover between €1,000,000.01 and €10,000,000, who will also receive €0.02 per kWh, but on 60% of their electricity consumption.
In addition to these groups, businesses operating under KAD codes 10.71, 10.72, and 96.10—specifically bakeries, confectioneries, and dry cleaners—will benefit from an enhanced subsidy of €0.04 per kWh on 100% of their consumption, regardless of turnover.
However, businesses found guilty of electricity theft are explicitly excluded from the subsidy scheme. According to the Ministry, 32,000 such cases have been identified, allowing for a budgetary saving of approximately €3 million.
Minister of Environment and Energy Stavros Papastavrou stated: “This support policy was formed within the permissible limits set by the European Union, but also with clear terms of social justice. It is made absolutely clear that anyone who does not participate in the collective obligations will not be able to enjoy the collective privileges. It is primarily a moral issue and in this direction, of combating electricity theft, we are not going to make any concessions.”
Deputy Minister Nikos Tsafos echoed this stance, adding: “The Government is once again standing on the side of the consumer. With today’s measure, we are supporting small and medium-sized businesses that saw their bills rise last winter. It is a fiscally sound measure, targeted in favor of small businesses, and socially fair, explicitly excluding businesses with proven electricity theft.”
Source: Tovima.com
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