Precautions: The subsidy on electricity bills increases to 72 euros

Increase in subsidy to electricity bills for March and April announced the Minister of Environment and Energy, Costas Skrekas.

As the minister announced, the electricity subsidy will cover all the main houses, regardless of area or provider.

Specifically, he announced:

1. The electricity subsidy in individuals increases from 70% to 80% mid-weighted of the increase for the first 310 Kwh (90% for the first 155 Kwh and 70% for 156-310 Kwh) for April at a cost of € 218 million.

2. The electricity subsidy for businesses doubles to cover about 50% of the increase for April, at a cost of 278m euros.

3. It is given emergency power subsidy 110 million to cover the largest share of electricity increases in January-April in small businesses.

4. The gas subsidy and in April with 40 € / Kwh for households and 20 € / Kwh for businesses, at a cost of 30 million euros.

The total cost of the electricity and gas subsidy is estimated at 636m euros for April.

Electricity – Subsidy on Household Invoices – Households

– The subsidy will cover all benefits of main residence, as declared in E1 (approximately 4.2 million benefits), regardless of income, area of ​​residence or provider.

– The average monthly aid for an average household consuming up to 300 KWh / month increases from 40 euros in March to 72 euros in April80% increase rate.

– Specifically in April, for the first 150 KWh consumption we subsidize with 270 euros per MWh, from 150 euros in March.

– For the monthly consumption from 151 – 300 KWh we subsidize with 210 euros per MWh from 110 euros in March.

– The average monthly aid for the CTO from 53 euros in March increases to 87 euros in April. That is, in vulnerable households we subsidize with 290 euros per MWh the first 300 KWh of monthly consumption.

The total amount of the subsidy for households in April amounts to 218 million euros from 148 million in March.

For professional consumers, the unit price of the subsidy doubles from 65 euros / MWh in March to 130 euros / MWh in April. In addition, for very small and small enterprises with power supply up to 25kVA and for all bakeries regardless of power supply, the total consumption is enhanced with an additional subsidy of 100 euros / MWh. So the total unit subsidy amounts to 230 euros / MWh.

Natural Gas – Subsidy on Household Invoices – Households

The state subsidy will amount to 20 euros per thermal MWh in March for all households and for the total monthly consumption.

– It concerns 540,000 household consumers regardless of income, size of home or provider.

– Alongside, DEPA Commerce offers a discount for March of 20 euros per thermal MWh.

In total, the benefit for households amounts to 40 euros per thermal MWh while the total amount of the subsidy from the Government for non-household gas consumers will amount to 43 million euros for March.

For the month of April, the subsidies will be announced at the end of March due to the intense volatility observed in the prices of Natural Gas in the last weeks so that we have a complete picture of the average price that will be formed.

Also, the subsidy of the Gas bills continues in March and in all of them commercial and industrial consumers regardless of size, turnover and number of employees. The subsidy will amount to 20 euros per thermal MWh for the total monthly consumption.

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