The new electricity tariffs will be announced by Sunday July 10

The government aspires with the combination of the measures put in place on the wholesale and retail market to absorb more than 70% of the price increase and to bring the cost of the kilowatt hour back to a level close to that of last autumn.

New electricity tariffs will have been announced by next Sunday, July 10, by all energy suppliers. The new prices will not include the adjustment clause and will be effective from August 1st.

The government aspires with the combination of the measures put in place on the wholesale and retail market to absorb more than 70% of the price increase and to bring the cost of the kilowatt hour back to a level close to that of last autumn.

On the other hand, international market developments regarding the price of natural gas are not favorable and market sources express reservations about the effect of the interventions. However, the government reassures that if necessary, budgetary expenditure on energy subsidies will increase.

Staikouras: Interventions possible from September

In September, “we will see what we will do with fuel oil, we will see what will happen to electricity, which if it goes up again we will carry out additional interventions, and the abolition of the solidarity levy”, Finance Minister Christos Staikouras said in an interview with ANT1 TV on Sunday.

Referring specifically to the support measures amounting to 8.5 billion euros, he said that, despite the good conditions observed in the economy, “the government intervenes with measures.”

Commenting on the proposals for new tax cuts, he said that we all pay less tax. However, he added, “We take this into account and we only look at the prices in the supermarkets. I remind you once again that Greece will have a deficit this year. If the deficit increases, the country will have to borrow and the citizens will have to pay for it.” He also recalled that “the lowest incomes benefit from a reduction in the uniform property tax (ENFIA) and income tax”.

As to whether the measures will be announced before or after the elections, Staikouras says that “the planning is for a period of four years. On August 20, the country will come out of enhanced surveillance status” and added that “we are not a grant-giving government, but a tax-cutting government “.

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