Economy

The government is preparing bigger electricity subsidies as an “antidote” to the increased tariffs of the providers

by

In August, the price of a kilowatt-hour given by the providers was between 0.486-0.60 euros per kilowatt-hour, and tomorrow when they will announce the new tariffs for September, it is expected to reach 0.80 euros.

Antidote to surge in international wholesale electricity prices the government is looking for which examines the increase in subsidies for September in order to keep bills for end consumers at current levels.

In August the price per kilowatt hour given by the providers was from 0.486-0.60 euros per kilowatt hour and tomorrow they will announce the new tariffs for September it is expected to reach 0.80 eurosas it has been preceded by a large increase in natural gas prices and wholesale electricity prices.

This means that the state subsidy should be increased accordingly so that households are not affected. Thus, while in August the state subsidy was at 0.337 euros per kilowatt hour, so that consumers would not see increases in their electricity bills, the subsidy for the next month should rise to 0.41-0.45 euros.

However, this significantly burdens the country’s budget, as in order to maintain the price at 0.15-0.17 euros per kilowatt hour, the government must allocate funds of 1.5 billion euros from 1.136 billion euros in August.

electricityelectricity billsnewsSkai.grsubsidies

You May Also Like

Recommended for you