According to an audit report, the Hellenic Energy Regulatory Authority (RAE) estimated the excess profits of electricity producers and suppliers in the country at 600 million euros. Previously Prime Minister announced that superprofit will be taxed at 90% as a measure to return inflated prices to consumers. The RAE audit covered the entire period from […]
Tag: electricity prices
Mitsotakis promised up to 60% return to consumers from inflated electricity bills
“The state will refund to the individual bank account of each owner or tenant of the first house 60% of all additional expenses incurred, retroactively, from December to May,” Kyriakos Mitsotakis said in an address to the people of Greece. “The limit of this emergency compensation will be 600 euros and will apply to all […]
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 […]
Greek government mulls new bailout plan amid growing dissatisfaction with energy prices
Alarmed by public backlash over energy prices and the rising cost of living, the New Democracy government is promising to develop a new national support plan to benefit households and businesses. It is expected to be implemented in June. The national plan will be horizontal, will set electricity prices at last year’s level and will […]
INKA sues ‘amendment clause’ in electricity bills
Hellenic Consumer Protection Union INKA has filed a class action lawsuit against electricity providers who charge additional fees to consumers through a so-called “adjustment clause”. This item adds amounts, often several hundred euros, to already high energy bills. The General Consumers Federation of Greece and its members oppose electricity providers who impose additional costs on […]
Greece urgently launches lignite power plants
Greek State Company ΔΕΗ makes an abrupt, albeit forced, transition to the use of brown coal for pressurized electricity production dizzying rise in prices for natural gas and oil. According to the Hellenic Energy Exchange, the production of lignite in the structure of electricity production increased to 19.83% from 7% on average last month, the […]
You are my dear … bread
Everything points to a new cycle of rising prices, with a focus on energy and agricultural products such as wheat and corn. Which will cause a domino effect of a new increase in the price of bread, pasta, even meat, as feed prices become more expensive. The energy crisis continues and intensifies due to the […]
Suffocating electricity bills
People’s indignation at repeatedly inflated tariffs ΔΕΗ now acts like a tsunami, sweeping society. In a show of coordinated social anesthesia, ΔΕΗ sends bills to citizens in which the amounts claimed very often exceed the pensions and salaries of the people who are called upon to pay the exorbitant surcharge. A situation has arisen where […]
Gas and electricity prices are out of control
Gas prices have risen more than 800% since the beginning of the year, with the unprecedented rise being attributed to the surge in energy demand following the pandemic in Southeast Asia. Gas prices in Europe hit all-time highs again, surpassing € 179 / MWh, based on Dutch reference prices (Dutch TTF gas futures). This is […]