ATHENS, Sept 14 (Reuters) - Greece will offer subsidies to
the majority of Greek households by the end of the year to make
energy costs more affordable amid rising gas prices, a
government official said on Tuesday.
The scheme is part of relief measures Prime Minister
Kyriakos Mitsotakis announced on Saturday to help Greeks deal
with higher consumer prices.
"There is an international energy crisis," Energy Minister
Kostas Skrekas told reporters. "Our government has decided to
support those who have seen their bills bloating."
The government-funded mechanism, estimated to cost 150
million euros ($177 million), will include a 9 euros subsidy for
the first 300 kilowatt hours consumed by Greek households a
month, Skrekas said, adding the scheme would cover about 70% of
An annual one-off payment by the government to low income
earners to help them buy heating oil for the winter will be also
increased by 20%.
Public Power Corp. (PPC), Greece's main electricity utility
which is 51% owned by the state, will also offer bigger
discounts to households to mitigate the increases.
($1 = 0.8465 euros)
(Reporting by Angeliki Koutantou
Editing by Mark Potter)