China News Service, May 7. According to the Greek "China-Greece Times" report, on the morning of the 6th local time, the Greek government staff gave a detailed introduction to the latest government electricity subsidy measures, and emphasized that the relevant departments are establishing an overall mechanism to Decoupling of electricity prices from international natural gas prices.
According to reports, the package of intervention measures announced at the information conference will cover 70-80% of the increase in electricity prices for Greek households and businesses, and the intervention measures will cost a total of 3.2 billion euros, of which 1.1 billion euros will be covered by the state budget.
The Greek finance minister said the subsidy will be distributed directly to consumers' bank accounts, and consumers only need to provide personal information and a bank IBAN account number.
The measure, which involves households with an income of up to 45,000 euros, will cover nearly 95 percent of all households in Greece, the report said.
In addition, the subsidy does not exceed 600 euros per consumer.
After the resident subsidy is issued, the electricity price will still be slightly higher than the normal state, but there will be a big drop compared to the current market price.
The report also said that the subsidy special platform is expected to open between the end of May and the beginning of June.
The subsidy applies to all electricity consuming units, including residential and non-residential shops and units.
In addition, Greek Environment and Energy Minister Skrekas said that since the outbreak of the Russian-Ukrainian conflict, the prices of natural gas, oil and electricity have hit record highs, and Russia's natural gas supply to Bulgaria and Poland has been interrupted, raising concerns about supply security.
Therefore, the government is advancing work along two axes.
Greece is the first country in the EU to establish an energy transition fund and has allocated a large number of tax rebates and subsidies for electricity and gas bills.
In addition to subsidies, Greece is moving towards a model of intervention in the Greek energy market, decoupling the retail price of electricity from international gas prices.