Romania: Natural gas prices...

On 10 February, natural gas prices on Romania's day-ahead market, operated by the...

Romania: Tuzla-Podisor gas pipeline...

The inauguration of the Tuzla-Podisor gas pipeline marks a significant milestone, with nearly...

Romania: Retele Electrice invests...

In 2024, Retele Electrice Romania, part of the PPC group, invested 240 million...

Montenegro: Household electricity bills...

In January 2025, the average electricity bill for households in Montenegro amounted to...
Supported byClarion Energy banner
HomeSEE Energy NewsGreece: Electricity subsidies...

Greece: Electricity subsidies reached 9.2 billion euros over the past two years

Electricity consumers in Greece have received over 9.2 billion euros in subsidies over the past two years, the EU’s sixth highest amount, as a percentage of GDP, a support effort that has been instrumental in Greece’s battle to mitigate the impact of rising electricity prices on its population, the energy ministry has informed.

Greece has steadily recorded variable-tariff electricity price levels below the EU average, especially since the summer of 2022, when the energy crisis began to take full force, and has ranked as one of Europe’s lowest-cost countries for retail energy, the energy ministry added, referring to regular data published by HEPI, Europe’s Household Energy Price Index.

The government’s electricity subsidies policy has continued to produce tangible results for consumers in Greece, protecting society and the economy, the ministry noted.

A subsidy-funding mechanism withholding windfall earnings of power producers in the wholesale market, and the suspension of indexation clauses in electricity bills, have both been extended until December 31 in order to assess the situation in international energy markets over the coming months and decide accordingly on the necessity of emergency measures, the ministry noted.

During this period, the ministry will also establish a suitable framework enabling suppliers to better inform consumers on products, while also promoting transparency and price-comparing ability.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Romania: Natural gas prices surge to highest level since December 2022

On 10 February, natural gas prices on Romania's day-ahead market, operated by the Romanian Commodity Exchange (BRM), spiked to over 90 euros/MWh, reaching the highest level since December 2022. The surge also saw a two-year record for transaction volume,...

Romania: Tuzla-Podisor gas pipeline inaugurated, set to benefit half a million households

The inauguration of the Tuzla-Podisor gas pipeline marks a significant milestone, with nearly half a million households and public institutions set to benefit from natural gas supply. ANRE Vice President Mircea Man highlighted that the pipeline, part of Romania’s...

Romania: Retele Electrice invests 240 million euros in network modernization in 2024

In 2024, Retele Electrice Romania, part of the PPC group, invested 240 million euros to modernize and strengthen its electricity distribution network, with 190 million euros from its own funds. The projects focused on the Muntenia Sud, Banat, and...
Supported bySEE Mining News
error: Content is protected !!