Incentives for a return to oil – Considerations for targeted electricity subsidies

The processes for its training are feverish government plan to continue supporting households and businesses as the wild rally in energy prices continues.

One of the measures being considered concerns the “turn” to oil, through the establishment of incentives for the substitution of natural gas and electricity with oil.

It is also planned to increase it heating allowance but also the broadening of the criteria in order to grant it to more citizens, as announced a few days ago to SKAI by the government representative Yiannis Oikonomou.

What will happen to electricity subsidies?

According to her report “Daily”, the subsidy on electricity bills seems to cease to be horizontal from next year and will mainly concern the most vulnerable households.

All these measures were discussed during yesterday’s meeting Crisis Management Team which took place at Megaros Maximos under Prime Minister Kyriakos Mitsotakis.

A large part of the measures will be presented to the TIF by the Prime Minister, however several still depend on the decisions to be made at the European level.

EU decisions and the Mitsotakis Macron quartet

Of key importance is meeting of the EU energy ministerson Friday, where the framework of the European movements will be drawn, however the decisions are expected to be taken within October, at the two summits, on 6-7 in Prague and on 20-21 in Brussels.

All these issues will be at the center of the discussion that Kyriakos Mitsotakis will have with French President Emmanuel Macron at the Elysee Palace next Monday.

No issue of adequacy in Greece

Government officials assure, however, that with the data so far, our country will not face a gas sufficiency problem, as it has the LNG stations in Revythoussa and Alexandroupolis in its quiver and also uses the TAP pipeline and not Nord Stream.

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