Subsidies on December electricity bills will be set at 1.5 cents per kilowatt hour, as announced today by the Ministry of Environment and Energy. Thus, for the majority of consumers, the final price is set at just over 14 cents per kilowatt hour.
Specifically, subsidies for electricity in household bills and for all main and secondary residence supplies, without income criteria and regardless of provider, are as follows:
· For monthly consumption of up to 500kWh, the subsidy is set at 15 Euro/MWh or 1.5 cents/kWh. This category accounts for 90% of households in Greece.
It should be noted that the subsidies apply to consumers who have signed up for variable electricity tariffs.
· For households included in the Social Household Tariff (KOT), the subsidy amounts to €35/MWh or 3.5 cents/kWh for total consumption.
The total cost of the aid for December amounts to €20.5 million and is covered by the Energy Transition Fund.
The Ministry of Environment and Energy points out that the average price of the «green tariff» for the three largest suppliers in terms of market share in the low voltage sector (above 80% of household consumption), including the December subsidy, amounts to 141.7 Euro/MWh or 14.17 cents/kWh.
