Greek gov’t moves to shield public from spiraling energy costs
ATHENS, May 5– Greek Prime Minister Kyriakos Mitsotakis announced on Thursday a new package of measures to help households and businesses cope with the increased costs of electricity. As a common European Union policy on the matter is still pending, Greece decided to implement a national support program to help energy consumers, acknowledging that the…
ATHENS, May 5 (Xinhua) — Greek Prime Minister Kyriakos Mitsotakis announced on Thursday a new package of measures to help households and businesses cope with the increased costs of electricity.
“The new package of interventions will absorb 70-80 percent of the hikes in the prices of electricity per kilowatt-hour (KWh) for our households, businesses and farmers,” he said in a televised address to the nation.
“I hope we will also be able to receive European funding in order to reduce the burden on the state budget. However, I will not wait until the slow-moving European ocean liner changes course,” he said.
As a common European Union (EU) policy on the matter is still pending, Greece decided to implement a national support program to help energy consumers, acknowledging that the increased burden was unbearable for many, the Greek leader explained.
Under the first set of measures to cushion the energy price rises, which was introduced before the start of the Russia-Ukraine conflict, the most vulnerable households received subsidies.
The new package targets middle-income households and the country’s businesses, as the conditions have deteriorated, Mitsotakis explained.
All owners or tenants of a primary residence with an annual income up to 45,000 euros (47,372 U.S. dollars) will receive a 60 percent rebate on the extra charges they pay for electricity for the period between December 2021 and May 2022. The refund will be capped at 600 euros.
In May and June, the state will cover 50 percent of the extra charges for non-primary residences as well.
The extra profits of the country’s electricity companies will be taxed at 90 percent and the revenue will be used to finance further relief measures for households.
In July, regardless of the EU’s decisions, Greece will proceed to decouple international natural gas price increases from the country’s electricity bills for up to 12 months, Mitsotakis said.
Finally, in the coming weeks, a massive new recycling program will start to replace old energy-intensive electrical appliances like fridges and air conditioners with new ones to save energy.
In addition to households, in autumn businesses will also be given incentives to renovate in order to save energy, for example by installing photovoltaic systems on the roofs of their buildings. (1 euro = 1.05 U.S. dollars) Enditem
ANA NEWS WIRE Disclaimer:
The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality.
ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video. Where errors do appear, ANA will seek to correct these timeously and transparently.
The ANA platform also contains news and information from third party sources. ANA has sought to procure reliable content from trusted news sources but cannot be held responsible for the accuracy and opinions provided by such sources on the ANA platform or linked sites.
The content provided for on the ANA News Wire platform, both through the ANA news operation and via its third party sources, are for the sole use of authorised subscribers and partners. Unauthorised access to and usage of ANA content will be subject to legal steps. ANA reserves its rights in this regard.
ANA makes every effort to ensure that the website is up and running smoothly at all times, however ANA does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical issues that are beyond our control.