
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.


Latest News

Tax Filing in Greece Surpasses Expectations
Taxpayers who submit their returns by April 30 will benefit from an increased tax discount of 4% if they opt for a lump-sum payment by July 31, 2025

Evangelos Marinakis: Proud of Diaspora Greeks, ‘Who’re All Together, United’
Marinakis, an Honorary Grand Marshal of the 86th Greek Independence Parade on Sunday, was touched by his contacts in New York City with members of the Greek-American community, where he spoke fondly of the Diaspora: ‘Twice as Greek, Twice over as Olympiacos fans'

Stirring 86th Greek Independence Day Parade Down 5th Ave. Evangelos Marinakis an Honorary Grand Marshal
According to NYPD sources, the 2025 parade is expected to be one of the biggest in recent memory, with some 120 groups with 52 floats and 15 marching bands paraded from 64th to 79th streets along renowned Fifth Avenue

PM Mitsotakis Highlights Chevron’s Interest in Greek EEZ in Weekly Review
“The interest from Chevron is important because a leading American multinational chooses to invest in Greek maritime plots, thus practically recognizing Greece's EEZ in the area,” the prime minister said.

PM Mitsotakis Visits Israel for Talks on Defense, Energy, and Stability
According to sources, the meetings will cover bilateral collaboration as well as regional developments, particularly in the Eastern Mediterranean and Syria.

Pyatt stresses major Greek role in regional energy map, importance of ongoing Greek-Turkish talks
The former US Assistant Secretary of State foe Energy Resources passionately underlines importance of NATO and America's Global Alliances for US security

Applications for Child Benefit Open Again
The electronic platform for submitting Child Benefit applications, A21, will re-open at 08:00 on Monday, March 31, 2025.

Ellinikon Redevelopment Advances: Key Projects on Track
Spanning 17,000 square meters, the shopping center has already leased out 75% of its space, with an average rental price of 85 euros per square meter.

Aid Arrives as Myanmar Struggles with Earthquake Aftermath
Aid is starting to arrive after the powerful 7.7-magnitude earthquake which struck central Myanmar on Friday, causing widespread devastation and claiming over 1,000 lives.

Over 60% Greeks Own a First Home, 39% a 2nd Home: European Report
The responses from 20,000 European adults who participated in the “RE/MAX European Housing Trend Report 2024,” conducted by Opinium Research for RE/MAX Europe, highlight the evolving expectations for residential spaces