x

Economy

Greece Considers Measures to Offset Effect of Rising Electricity Prices

September 7, 2021

ATHENS — The Environment and Energy Ministry is considering a series of measures to offset the effects of rising electricity prices on vulnerable consumers. The final decisions will be finalised within the week and will be announced by Prime Minister Kyriakos Mitsotakis at the Thessaloniki International Fair (TIF).

Among the measures on the table is the extension of the criteria for the implementation of the Social Housing Tariff, which ensures lower charges for financially weak consumers.

According to the Independent Power Transmission Operator (IPTO), the wholesale price of electricity increased to 113.4 euros per megawatt hour in July compared to 62-64 euros at the beginning of the year, while last year, due to the pandemic, it had fallen below 40 euros. The carbon dioxide emission allowances, which burden the production costs mainly of lignite but also of gas units, reached 52 euros per ton in the second quarter of 2021 compared to 22-27 last year.

RELATED

ATHENS - Still uncertain about the level of supplies this winter from Russia in the fallout over the invasion of Ukraine, Greece's gas utility DEPA signed a deal with French energy giant TotalEnergies to get more liquefied natural gas (LNG) in case.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

After Amazon, Google’s First Cloud Region Coming to Greece

ATHENS - Despite having a costly Internet that’s the slowest in the European Union, Greece is continuing to attract high-tech giants, with Alphabet’s Google planning to create its first cloud region in the country.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.