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 - After saying a Value Added Tax (VAT) on food as high as 24 percent couldn’t be reduced because it was unaffordable, the New Democracy government has given a cut from that rate to 13 percent for taxis.

Top Stories

Columnists

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

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

Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

Armenia said it would recognize a Palestinian state on Friday, prompting Israel to summon its ambassador for what the Foreign Ministry described as a “severe reprimand.

LONDON (AP) — Taylor Swift fans enjoy parsing the singer-songwriter’s lyrics for references to her romantic life and insights into her state of her mind.

PARIS (AP) — The alleged rape of a 12-year-old Jewish girl in a suspected antisemitic attack has sent shockwaves throughout France and thrust concerns about antisemitism to the forefront of campaigning for the country’s legislative elections.

ATLANTA (AP) — Lionel Messi's passing brilliance got Argentina off to a winning start in the defense of its Copa America title, overcoming Canada and a poor playing surface at Mercedes-Benz Stadium.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

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