x

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.

RELATED

ATHENS - A memorandum of understanding (MoU) for the electric grid networks of Greece and Egypt, known as the Greece-Africa Power Interconnector (GAP), was signed in Athens by Houston-based McDermott International and Athens-based Eunice Energy Group.

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

Police: 10 Wounded in Drive-by Shooting in Central Florida

LAKELAND, Fla. (AP) — Ten people were injured during a drive-by shooting in a central Florida neighborhood, police said.

MILAN — Italy's government has increased security around its diplomatic missions around the globe in response to “a crescendo of terroristic attacks” by an anarchist network that has been acting in solidarity with an imprisoned Italian militant, the foreign minister said Tuesday.

LOS ANGELES – The Los Angeles Greek Film Festival (LAGFF) announced on January 31 that novelist, screenwriter, film and television producer George Pelecanos will receive the 2023 Honorary Orpheus Award at the Festival’s Opening Night Ceremony on June 3 at James Bridges Theatre UCLA and realized in collaboration with the Stavros Niarchos Foundation Center for the Study of Hellenic Culture.

UPPER DARBY, PA – St. Demetrios Church in Upper Darby, PA, bid a fond farewell to Rev.

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.