Greece’s €100 million energy shield

The government is set to implement a €100 million subsidy package to shield households and businesses from soaring wholesale electricity prices.

The plan includes direct subsidies and tax breaks for consumers, combined with a temporary tax on electricity producers' profits. 

The anticipated subsidy, estimated at €0.10 per kilowatt-hour, is set to benefit households and approximately 1.3 million small businesses. The final subsidy amount will be determined following the announcement of December's green tariffs by energy providers.

Environment and Energy Minister Theodoros Skylakakis stated that the government aims to keep electricity prices for households and small businesses below €0.15 per kilowatt-hour.

Additionally, the plan will provide extra subsidies for vulnerable consumers, including those on Social Residential Tariff (KOT) and those using...