Opens theOn Friday 17 June, the Power Pass online platform and at the same time will start submitting applications for compensation, in terms of electricity charges, according to what the Minister of Digital Governance said on SKAI 100.3 radio, Kyriakos Pierrakakis.
According to the Minister for Digital Governance for the procedure To apply, beneficiaries should take the following steps:
- Enter the online platform with their Taxisnet passwords.
- Confirm or update the details of the main dwelling, the electricity meter and the co-ownership rate.
- Correct any errors or omissions in the data on their main residence.
- Enter their bank account number (IBAN).
- Certify the accuracy of the data and finalise the submission of the application.
Who are the beneficiaries of the Power Pass
The beneficiaries will not enter the data for electricity consumption-based charges, which will be transmitted to the platform by electricity suppliers and electricity managers.
The beneficiaries of the aid are household consumers of electricity who are contracted to variable electricity supply tariffs adjusted on the basis of its wholesale purchase price. The aid relates to the consumption bill of the beneficiaries' main residence and the rented accommodation of their children who are studying.
From €18 to €600 in compensation
The compensation for the Power Pass will start at EUR 18 and go up to EUR 600 per meter and will apply to those accounts issued from 1 December 2021 until 31 May 2022.
Indicative examples of compensation
If someone has additional charges, after deducting the subsidies for that period, totalling €600, they will receive a compensation of €360.
If the additional charges amount to €800, the compensation will be €480.
If the extra charges are 1,000 euros, the compensation will be 600 euros, and if the extra charges are 1,000 euros, the compensation will be 600 euros.
the charges are from 1,000 euros and above and again the compensation will be 600 euros.
How the calculation will be made
For variable tariffs, which do not indicate separately in their charges, the amount corresponding to the adjustment clause is imputed by the energy supplier (the amount resulting after deducting from the amount of the consumption-based energy supply charge an imputed energy charge amount for which the price of EUR 120 per MWh is taken into account).
What applies to discounts
As discounts granted by electricity suppliers, any form of discounts are obtained, the amount of which depends on the energy consumption of the account. Except for fixed-rate discounts which are not calculated on the energy consumed.
Where and when the money will be credited
The amount of the financial assistance shall be credited to the bank account of the beneficiary indicated in the application. Payment of the amounts will be made in the first 15 days of July. The compensation is paid for the 60% of the extra charges, after deducting the subsidies from the State and possibly the providers and up to the amount of EUR 600.
