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Electricity
08/11/2021
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Electricity subsidy boost from RES special account surplus

A government plan for a further increase in electricity bill subsidies for households and businesses, as well as natural gas consumers, for energy crisis support, is expected to be finalized this week, possibly even today.

At the same time, the government is also examining ways to offer energy-cost relief to major-scale consumers of the medium-voltage category, including manufacturers and chains. New installment-based payment plans are being considered for this category of consumers.

The funds required for low-voltage subsidies are likely to be derived from the RES special account surplus, in excess of 150 million euros, as will be shown by a latest report, covering up to August, expected to be released by RES market operator DAPEEP during the week.

A considerable proportion of the RES special account surplus, generated by CO2 emission right auction revenues, is expected to be injected into the Energy Transition Fund for subsidy support. Other sources, including the budget, cannot be excluded.

Electricity subsidies for average households are expected to reach 18 euros per month.

 

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