Greece offers power bill subsidies for households
Greece plans to launch a €150m government-funded mechanism to offer a €9/month subsidy for the first 300 kWh consumed by Greek households. The measure will be funded by the Special Support Fund for the Energy Transition, to which the sum will be taken from the increased revenue for Greece in 2021 from the Carbon Emissions Trading Rights System. In addition, the country will increase by 20% an annual one-off payment to vulnerable households to help them buy heating oil for the winter.
Greece is facing rising electricity prices, due to higher gas prices (gas accounts for around 30% of the power mix) and rising CO2 emission rights prices.
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