In an effort to support households amid rising energy costs, the Greek Ministry of Environment and Energy has announced emergency electricity bill subsidies for February. The initiative aims to provide relief for fluctuating electricity prices while ensuring retail price stability.
The subsidy will be available to households on variable electricity tariffs, covering both main and secondary residences. The financial support is structured as follows:
- Households consuming up to 500 kWh per month will receive a subsidy of €15/MWh (1.5 cents/kWh). This category covers approximately 90% of Greek households.
- Social Household Tariff (SHT) beneficiaries will receive a higher subsidy of €35/MWh (3.5 cents/kWh) for their total consumption.
- The subsidy applies regardless of income level or electricity provider, ensuring broad accessibility.
The total cost of the subsidy program for February is €19.6 million, aimed at offsetting rising energy prices.
Despite the steady retail prices, wholesale electricity costs across Europe have been increasing over recent months:
- October 2024: €82.74/MWh
- November 2024: €112.18/MWh
- December 2024: €107.61/MWh
- January 2025: €112.03/MWh
- February 2025 (so far): €127.17/MWh
The weighted average price of Greece’s “green tariff” for the three largest electricity suppliers—covering over 80% of household consumption—stands at €140.6/MWh (14.06 cents/kWh), remaining stable for the third consecutive month.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
AADE Targets Airbnb Rentals with Audits and Fines
For cases of late submission of the declaration, an administrative fine of 100 euros is imposed.
Seismic Activity in Santorini Raises Concerns for Tourism
So far, major international media outlets have not reported or provided assessments regarding the immediate impact on the island’s tourism activity in terms of bookings or cancellations.
TERNA ENERGY: Masdar’s Public Offer at the Upper End of Valuation Range
TERNA ENERGY’s Board of Directors, in its reasoned opinion, notes that the company’s valuation range is between €11.9 and €21.5 per share, while Masdar’s offer stands at €20 per share.
AEGEAN Airlines Adds Extra Flights to Santorini Amid Ongoing Seismic Activity
As reported, the Blue Star Chios ferry, departed from the Athinios port for Athens, fully booked, in the early hours of Monday
Quakes Rattle Santorini Overnight, Authorities Say Island is Safe
Over the past 24 hours, hundreds of quakes struck between Santorini and Amorgos and continued overnight. Greek authorities say the island is safe and all measures are precautionary
Greek Farmers Protest for Renewed Greece-Bulgaria Water Deal
Farmers are demanding that Greece renews an expired Greece-Bulgaria water deal to ensure water continues flowing to farms in the Evros region
Santorini, Amorgos Announce Evacuation Points Following Tremors
Santorini, Amorgos, and nearby islands have been rocked by over 200 tremors in the past two days, including a quake measuring 4.9 on the Richter scale in Santorini on Sunday evening
Dozens of Earthquakes Near Santorini Force School Closures
Scientists say the earthquakes are attributed to a submarine fault near Santorini, not volcanic activity.
Cycling Tourism is a Booming Billion-Euro Industry. Will Greece Keep Missing out?
With an estimated value of €138 billion, cycling is one of the world's top 10 fastest-growing tourism activities. Yet, Greece struggles to shift gears and establish itself as a leader in this thriving sector of sustainable tourism.
Tempi: Rail Accident Agency Report to be Unveiled on Feb. 27
Agency head: 'We will highlight errors and omissions, working with absolute independence'
![Πληθωρισμός τροφίμων: Μηδενικός και τον Ιανουάριο του 2025 [πίνακας]](https://www.ot.gr/wp-content/uploads/2023/12/plithori-600x400.jpg)
![Ζωοτροφές: Η χαρτογράφηση της αγοράς στο μικροσκόπιο της Επιτροπής Ανταγωνισμού [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/02/zootrofes-600x391.jpg)
