Measures for electricity: Subsidy with 30 € per megawatt – Concerns all providers and users

The increase in electricity prices expected in the near future has caused headaches for consumers and the government. The Prime Minister from the TIF announced a subsidy for electricity bills and today (13.09.2021) came how this will be done.

As part of measures to offset the impact of the increase in electricity prices, the Ministry of Environment announced the subsidy that will be received by all consumers, regardless of the provider.

As announced, the plan that has been prepared for consumer protection provides for the subsidy of electricity bills in the amount of 30 euros per MWh for the first 300 kWh of consumption each month. Support applies to all low voltage consumers regardless of the provider with whom they are contracted.

As far as PPC is concerned, the discount policy that is already in force will be extended, fully covering the price increases that an average household with up to 600 kWh per month would have. These measures will offset almost all of the estimated price increases by the end of the year for an average household. The measure will be implemented immediately, while from next month the amount of support will be displayed on a separate line in the electricity bills in order to be easily perceived by all citizens.

There will also be a 20% increase in the heating allowance, while € 100 million from the Recovery and Sustainability Fund will be used to build photovoltaic stations by municipal energy communities that will provide electricity to vulnerable households at almost zero prices.

 

For the specialization of the support measures, the Minister of Environment and Energy, Costas Skrekas, has convened an extraordinary meeting tomorrow (14.09.2021) with the participation of RAE and all electricity suppliers.

According to the ministry’s announcement, Costas Skrekas will ask providers to help offset the impact on consumers from the expected price increases in energy costs, absorbing some of the increases.

Consumer support will be funded by the Special Support Fund for the Energy Transition, to which will be channeled an amount of at least 150 million euros from the increased revenues corresponding to our country in 2021 from the Emissions Trading System. At the end of the year the situation will be re-evaluated and if exceptional conditions in the international energy market continue to apply, the extension of support from the Special Fund will be considered.

The Minister of Environment and Energy, Costas Skrekas, stated: “The government, in the face of the global phenomenon of the energy crisis, has prepared a comprehensive plan to support all low-voltage consumers. We are the first European country to set up a Special Support Fund for the Energy Transition to drastically reduce or even zero the expected increases in electricity to all consumers by the end of the year. At the same time, we are considering the possibility of financing through the Fund other actions that will lead to a reduction in energy costs for households and businesses. “In this national effort to achieve our ambitious goals for the energy transition, we are determined to support society so that no citizen is left behind.”

Source – newsit.gr

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