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Economy

Mitsotakis: Τhe Gov’t to Allocate €400M for Electricity Needs

ATHENS – “For another month the government will support households, farmers and businesses in the face of the global energy turmoil. In January alone, it will allocate another 400,000,000 euros, covering a significant part of the increases in electricity bills. And it will constantly monitor the phenomenon until it de-escalates,” Prime Minister Kyriakos Mitsotakis said in a statement on Friday on the support measures for households and businesses from the effects of the energy crisis.

“The Energy Minister will make detailed announcements per category in a short time. Both for the state subsidy and for electricity and natural gas discounts. This is a generous and realistic aid plan that helps the present, but does not endanger the future,” he underlined.

Read more: Skrekas Announces Energy Subsidies for Households, Businesses

“The emphasis is, obviously, on the relief of our households. But we will also help businesses stay on track for growth, while maintaining jobs. And, mainly, in order not to increase the production costs and this in turn to be passed on to the prices of the products,” he said and added:

“This programme will soon be followed by another one, which concerns overall energy savings. Based on this, there will be subsidies for the replacement of old electrical appliances, which will then be recycled. Our goal is for all Greek homes to operate with modern and more economical electrical equipment,” the prime minister stressed.

He concluded: “We are continuing, therefore, to respond to today’s challenges, while building a hopeful future for all. With measures that are effective but also reasonable. We will follow the same path in the new year. With confidence, courage and strength. Because difficulties may surround us but the best is yet to come.”

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