Greek PM to announce plan to regulate electricity tariffs

Prime Minister Kyriakos Mitsotakis will announce at 7:00 pm today a national community support plan aimed at saving households and businesses from exorbitant electricity tariffs.

The new measures are scheduled to be presented in detail on Friday 6 May by the finance and energy ministers. However, the plan will not be implemented immediately and will not start until at least June.

Meanwhile, the main opposition left party SYRIZA tabled an amendment in parliament requiring consumers not to pay an “amendment clause” to utilities until the issue is resolved in court by consumers who do not pay a point, typically several hundred euros, on the bill.

It is noted that the Institute for the Protection of Consumer Rights INCA filed on Wednesday a massive lawsuit by more than 1,600 people against the state power company ΔΕΗquestioning the legitimacy adjustment clause. The court will consider this issue in June. In the coming days, new lawsuits against the remaining 19 energy companies in Greece will follow.

The chairman of INKA told state broadcaster ERT on Thursday morning that the adjustment clause could not be valid for consumers who entered into an agreement with ΔΕΗ before 2013, when the clause was first introduced.

It is worth noting that even if the contracts ” Fixed tariffs for electricity» provided “lack of adjustment clause”, energy supply organizations deliberately implemented it, not bothering to inform consumers in advance, as they should have.

Meanwhile, the socialist KINAL/PASOK prepared another amendmentrequiring introduction of a retail price ceiling for energy products. It provides that “citizens will not have to pay more than 10% of what they paid before the start of the energy crisis (05/01/2021)”, and that they will have the opportunity to pay off the accumulated debt in installments, breaking the debt into 240 installments. Besides it will be prohibited to cut off electricity in homes and businesses when exceeding the limit level of 10%.

Meanwhile, the price of motor fuel, which hovered during April and early May at up to 2 euros per liter, at least in Athens, made another jump and exceeded 2.12 euros, due to the introduction of the 6th package of sanctions. EU in relation to Russia and the increase in interest rates in the US, which strengthened the dollar against the euro.

The new measures are scheduled to be presented in detail on Friday 6 May by the finance and energy ministers. However, the plan will not be implemented immediately and will not start until at least June.

Meanwhile, the main opposition left party SYRIZA tabled an amendment in parliament requiring consumers not to pay an “amendment clause” to utilities until the issue is resolved in court by consumers who do not pay a point, typically several hundred euros, on the bill.

It is noted that the Institute for the Protection of Consumer Rights INCA filed on Wednesday a massive lawsuit by more than 1,600 people against the state power company ΔΕΗquestioning the legitimacy adjustment clause. The court will consider this issue in June. In the coming days, new lawsuits against the remaining 19 energy companies in Greece will follow.

The chairman of INKA told state broadcaster ERT on Thursday morning that the adjustment clause could not be valid for consumers who entered into an agreement with ΔΕΗ before 2013, when the clause was first introduced.

It is worth noting that even if the contracts ” Fixed tariffs for electricity» provided “lack of adjustment clause”, energy supply organizations deliberately implemented it, not bothering to inform consumers in advance, as they should have.

Meanwhile, the socialist KINAL/PASOK prepared another amendmentrequiring introduction of a retail price ceiling for energy products. It provides that “citizens will not have to pay more than 10% of what they paid before the start of the energy crisis (05/01/2021)”, and that they will have the opportunity to pay off the accumulated debt in installments, breaking the debt into 240 installments. Besides it will be prohibited to cut off electricity in homes and businesses when exceeding the limit level of 10%.

Meanwhile, the price of motor fuel, which hovered during April and early May at up to 2 euros per liter, at least in Athens, made another jump and exceeded 2.12 euros, due to the introduction of the 6th package of sanctions. EU in relation to Russia and the increase in interest rates in the US, which strengthened the dollar against the euro.



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