Europe

Greek electricity prices skyrocket due to gas concerns

According to a ministerial decision announced on Tuesday, retroactive subsidies to electricity consumers will only be distributed to individuals who live in Greece and whose family’s net annual income (after tax) is up to € 45,000.

Greece’s electricity prices surged on Tuesday in line with the significant rises recorded in other European markets.

Electricity prices in Greece rose to € 312.67 per megawatt hour on Wednesday, at € 323.34 / MWh in Germany, € 383.14 / MWh in France, € 369.07 / MWh in Italy and € 343.94 / MWh in Austria.

Traders thought the development was concerned about the flow of natural gas from Russia, but the expected heat wave in the country is an additional factor pushing up prices.

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https://www.ekathimerini.com/economy/1187260/greek-power-rates-soar-on-gas-concerns/ Greek electricity prices skyrocket due to gas concerns

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