![Greek PM Mitsotakis at TIF: Resorting to lignite for 1-2 years is a temporary measure](https://www.ot.gr/wp-content/uploads/2022/09/mits-1.jpg)
The government is currently incentivizing households that have the infrastructure and ability to do so to use oil instead of natural gas. It will be cheaper if they are heated with oil than with natural gas this year, Prime Minister Kyriakos Mitsotakis said during the press conference at the 86th TIF, adding that there will also be support for those who use natural gas, something that will be specified in the coming days.
Earlier, the Prime Minister indicated that the government would intervene “at the pump” to reduce the price of heating oil and thus provide an incentive to use this fuel over natural gas.
In parallel with this intervention, the heating allowance will be extended to 300 million euros, while there will be a subsidy on the price of natural gas which will be covered by the surplus profits of energy companies and the state.
The prime minister clarified that there will be an increase in the price of gas, but it will be “reasonable”, i.e. it will be much lower than the commercial price of natural gas
Earlier, he boldly announced a subsidy on the price of natural gas “both from the companies and from the state budget”. The goal of the intervention is a “relatively reasonable” price for natural gas, the price of which for consumers will be much lower than its commercial price.
Regarding the production of energy from lignite, to compensate for the high prices of natural gas, the Prime Minister commented that the opposition is hiding that the production of lignite has been declining for a decade and that many units are reaching the end of their lives.
He made it clear that the transition to the post-lignite era “is a one-way street as a long-term policy”, which is why the government has drawn up the “bold just transition program for areas heavily dependent on lignite.
Resorting, said the prime minister, to lignite for 1-2 years is a temporary measure and makes sense as long as natural gas prices are at their current outrageous levels. When, he added, prices are adjusted, even at higher levels than 2 years ago, the cost of lignite will be more expensive. He also added that the PPC Ptolemaida 5 unit will soon be inaugurated, giving the possibility of expanding the country’s energy mix.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019
![OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece](https://www.ot.gr/wp-content/uploads/2024/05/ΟΤΕ-Group_1-600x450.jpg)
OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country