Greece will pay another 1.1 billion euros in energy bill subsidies in October to protect households and businesses from the impact of soaring energy prices ahead of winter. Energy Minister Kostas Skrekas made the announcement.
Like other European countries, Greece has struggled with soaring energy bills in recent months caused by skyrocketing gas prices, Reuters reported.
So far last September, the country has allocated more than 9 billion euros in electricity subsidies and other measures to help households, businesses and farmers pay their electricity and gas bills.
The government will continue to pursue policies that protect consumers from the extremely negative impact of the energy war Russia is waging in Europe, Skrekas said in a televised address announcing the new aid measures.
Beginning in October, the government will introduce three scales of energy bill subsidies totaling 1.1 billion euros, Skrekas said.
For households with monthly electricity consumption of up to 500 kilowatt-hours - the majority of Greek homes - the subsidy will reach €436 per megawatt-hour, covering 90 percent of the bill increase.
For those who consume between 501 and 1,001 kilowatt-hours per month, as well as those who consume more than 1,001 kilowatt-hours, the subsidy will cover 70-80% of the increase.
Consumers who reduce their average daily consumption by 15 percent compared to last year will receive an additional subsidy of 50 euros per megawatt hour, Skrekas said.
For businesses consuming more than 2,000 kilowatt-hours, the subsidy will be 398 euros per megawatt-hour, and for farmers it will be 436 euros per megawatt-hour.

















