Europe

Greece promises new state aid to counter rising electricity bills

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The Greek Prime Minister said Thursday that the European Union’s partners did not adopt a joint response to the problem, forcing the country to act alone, and new state support to protect households from rising electricity costs. I promised.

Prime Minister Kiriakos Mitsutakis said Greece partially funded the program through a 90% tax on the profits accumulated by electricity producers from rising electricity prices resulting from rising gas prices as a result of the war in Ukraine. Said.

He did not provide a cost estimate for support measures.

“Europe has shown that it cannot respond to the situation, at least until now, on this issue,” Mitsutakis added in a television speech that Greece would call for joint action by 26 EU partners.

“But I’m not going to wait for a slow-moving European ship to change course,” he said.

According to Mitsutakis, household consumers will be retroactively reimbursed 60% of the additional invoice costs, up to € 600 ($ 630), during the first five months of the year. The bill applies to people who earn up to € 45,000 a year.

In addition, existing measures to help low-income earners pay for electricity will be expanded over the next two months to cover all households, he said.

Inflation reached a 28-year high of 8.9%, according to Greek statistics. This includes a 30% increase in rent, electricity, heating and gas costs. [AP]

https://www.ekathimerini.com/economy/1183701/greece-pledges-new-state-aid-to-counter-rising-power-bills/ Greece promises new state aid to counter rising electricity bills

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