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Economy

Little Help for Greece’s Consumers Hit With Shocking Electric Bills

November 15, 2021

ATHENS – A 30-euro ($34.35) monthly subsidy from the New Democracy government has proved a pittance for customers hit with huge increases in electricity bills in Greece as the winter looms.

The hikes are likely to last until the first quarter of 2022 and coincide with fuel oil costs and the lingering COVID-19 pandemic that could leave many of the country’s most vulnerable in the cold and dark.

Wholesale rates remain high in the international and domestic markets, and the fluctuations in the rates of natural gas indicate no easing of the pressure on suppliers and down to corporate and household clients facing a costly burden.

Average electricity bills have risen 189 percent in a year and show no sign of lessening, the government offering no other aid although it wasn’t said if people who can’t pay will have their power turned off.

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