Govt eyes measures to protect consumers from power rate surge

The Greek government is reportedly ready to take three relief measures aimed to contain surging electricity prices in the country, on the back of significant increases in international natural gas prices and carbon emission trading rates.

The measures are due to affect the last quarter of the year, as indications at present point to a de-escalation of prices as of 2022.

The first measure is subsidy of 30 euros per megawatt for consumers, or in other words three cents per kilowatt, and for the consumption of up to 300 watts per month.

 Another measure is a 30-percent reduction in monthly bills by the Public Power Corp. for its customers, beginning on Aug. 5.

A third measure under consideration is for providers to “cover” the increases for consumption of between 300 to 600 kilowatts for the specific trimester.