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Energy crisis in Europe is no joke:
At 1.1 billion euros the subsidies of electricity bills for October

LAST UPDATE: 11.13

By Haris Fludopoulos

The Minister of Environment and Energy Kostas Skrekas announced the subsidies for the month of October, which amount to a total of 1.1 billion euros, of which 1 billion comes from the excess revenue recovery mechanism and 100 million from the budget.

More specifically, for October, 3 subsidy scales are introduced for all benefits without income criteria, regardless of provider:

For consumptions up to 500 kilowatt hours per month, 90% of the increase is absorbed with a subsidy of 436 euros per megawatt hour. This scale concerns 90% of households

For consumptions from 501 to 1000 kilowatt hours , 80% of the increase is absorbed with a subsidy of 386 euros per megawatt hour. However, if a household reduces consumption by 15% compared to last year, then the subsidy increases by 50 euros per megawatt-hour

For consumptions of 1000 kilowatt hours and above , 70% of the increase is absorbed with a subsidy of 336 euros per megawatt hour . It concerns only 2% of households. Here too an additional subsidy of 50 euros per megawatt hour applies if there is a 15% reduction in consumption.

For CTO beneficiaries, almost 100% of the increase is covered with a subsidy of 485 euros per megawatt hour.

For business tariffs and non-domestic consumers with a supply of up to 35KVA for the first 2,000 kilowatt hours the subsidy is 398 euros per megawatt hour absorbing 80% of the increase.

For non-domestic consumers with a supply of up to 35KVA and all others exceeding 2,000 kilowatt hours, the subsidy is set at 230 euros per megawatt hour

For farmers, a horizontal subsidy is set at 436 euros per megawatt hour.
Natural gas

For natural gas, DEPA Emporias together with the providers will grant a horizontal subsidy of 90 euros per megawatt hour for all domestic consumers. The subsidy applies to all consumption and absorbs more than 50% of the increase. The measure concerns 700 thousand consumers.

For professional and industrial consumers the subsidy will amount to 40 euros per thermal megawatt hour.

Finally, the government establishes a special fee of 10 euros per thermal megawatt-hour to power generation companies for the quantities of gas used in power generation.

The revenue from the special fee will be used:

- To support vulnerable consumers
- To support investments in alternative fuels
- To support modifications to infrastructure for the import of gas from third sources other than Russia.

In detail, Mr. Skrekas stated:

"The international energy crisis, which decisively affects the whole of Europe and is fueled by the Russian invasion of Ukraine, continues and creates suffocating situations in many European states.

The European Union decided, albeit belatedly, to take initiatives to jointly address the problem without tangible results so far. Many countries, even the most powerful ones, such as Germany, warn their citizens of excessively high energy bills and mandatory interruptions in their supply.

In these extremely difficult circumstances, Greece anticipated and from the first moment has taken measures, absorbing the largest percentage of the increase and keeping the bills at affordable levels, supporting households, professionals and farmers. We created the permanent mechanism to recover the excess revenues that we collect from the electricity companies and which has already paid off in just 2.5 months, over 2 billion euros.

This year, a record number of imported LNG cargoes arriving at Revythoussa has been recorded, as the number of ships calling at the terminal has almost doubled.

We will all fight together in the coming winter months to meet the challenge of the energy war that is unfolding across Europe and inevitably affects us.

With these data, the government has set three goals for the next period:

Firstly, to continue supporting citizens by ensuring affordable energy prices for households,

Secondly, to use every possibility to have energy sufficiency throughout the winter and

Third, to strengthen the effort to save energy.

From today, all citizens can enter the website of the Ministry of Environment and Energy, https://ypen.gov.gr/ and find 23 suggestions and ideas for saving energy.

As a continuation of this savings policy, from October 1 , especially for households, we are introducing a new scaled subsidy model on electricity bills.

Specifically:

Electricity - Subsidy on Household Bills

We are creating for the month of October, three subsidy scales for domestic consumers.

The subsidy applies to all main and non-main residence benefits, without income criteria and regardless of provider.

The scaled subsidy for October is structured as follows:

* For monthly consumptions up to 500 KWh we absorb 90% of the increase, with the subsidy reaching €436/MWh. It concerns 90% of households in Greece.

* For monthly consumption from 501-1000kWh we absorb 80% of the increase, with a subsidy of €386/MWh. However, if a household reduces its average daily consumption by 15% compared to last year, then the subsidy increases by €50/MWh.

* For monthly consumption over 1001KWh, we absorb 70% of the increase and the subsidy amounts to €336/MWh. It concerns only 2% of households in Greece. And on this scale, the additional subsidy of €50/MWh applies, if there is a 15% reduction in consumption.

* In the households that are included in the Social Household Tariff (COT) we absorb, as every month, almost 100% of the increase and the subsidy amounts to €485/MWh.

Electricity - Subsidy in Commercial Tariffs

Specifically:

* For non-domestic consumers with a power supply of up to 35KVa, the subsidy for the first 2,000KWh in the month of October amounts to €398/MWh. We absorb 80% of the increase.

* For non-domestic consumers up to 35KVa that exceed 2,000KWh as well as all other low-medium and high-voltage non-domestic tariffs, the subsidy amounts to €230/MWh

* For farmers, the subsidy is horizontal and amounts to €436/MWh.

The total amount of the electricity subsidy for households and businesses in October amounts to 1.1 billion euros. Of these, 1 billion EUR 100 million comes from the recovery of the surplus revenues of the power generation companies and the revenues from pollutant auctions and the 100 million from the state budget.

Natural Gas - Subsidy on Domestic Bills - Households

DEPA Emporias, in collaboration with the other providers, will provide a horizontal subsidy that will amount to €90 per thermal MWh for all residential consumers, and for the entire monthly consumption, absorbing more than 50% of the increase. The measure concerns 700,000 household consumers regardless of income, size of residence or provider.

Natural Gas - Subsidy on Non-Household Bills

The Natural Gas subsidy from the Government to all Commercial Consumers and Industry, regardless of size, turnover and number of employees , for October, will reach €40 per thermal MWh.

The Government continues to implement the policy of shielding consumers from the extremely adverse effects of the energy war that Russia has declared in Europe. In order to deal with the consequences of the energy war, to support our vulnerable fellow citizens and for the energy shield of our country, we are introducing a fee of 10 euros per thermal mwh that will be imposed on the electricity companies for the quantities of natural gas used exclusively for the production of electricity energy.

The revenue from the special fee will be directed to the energy transition fund and will aim to:

a) Support vulnerable households and small and medium-sized enterprises to cope with increased natural gas prices

b) Support investments in alternative fuels, such as biomethane and green hydrogen

c) Support gas system infrastructure modifications and expansions necessary to replace Russian natural gas and enhance the possibility of imports from other sources

https://www-capital-gr.translate.goog/oikonomia/3659398/sto-1-1-dis-euro-oi-epidotiseis-ton-logariasmon-reumatos-gia-ton-oktobrio?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc