The amendment on the ceiling on the profit margin for air conditioners was voted

The amendment of the Ministry of Development and Investments, which imposes a ceiling on the profit margin on air conditioners, refrigerators and freezers, was voted by the Plenary, with the positive votes of ND and PASOK-KINAL.

SYRIZA, KKE and Hellenic Solution declared themselves “present”, while MeRA25 voted against.

See the full amendment here.

According to the regulation, the gross profit for these devices cannot exceed the corresponding profit per unit before December 31, 2021.

According to the Ministry of Internal Affairs and Communications, the aim of the regulation is to prevent unfair profiteering in the market for products whose purchase is subsidized by the “Switch Device” program, to protect the consumer’s purchasing power, but also to maximize the effectiveness of the subsidy program by ensuring that the the entire benefit of the subsidy will be reaped by the consumer, in order to actually mobilize and purchase electrical appliances with lower energy consumption. The cap will apply until the Switch Device program is complete.

In case of violations, the complaints are submitted to the General Secretariat of Trade of the Ministry of Development and Investments, the Interagency Market Control Unit (D.M.E.A.), and the competent control services of the Regions.

The sanctions provided for start with a recommendation to stop the illegal practice and escalate to a fine of 5,000 to 1,000,000 euros.

The same amendment extends until December 31, 2022 the application of the measure to publicize the trade name of companies that violate the measures to reduce the phenomenon of unfair profit in times of crisis.

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