Power subsidies €15/MWh for May, June, part of €47m plan

The government’s electricity subsidies for monthly residential usage of up to 500 kWh, a category concerning 90 percent of the country’s households, has been set at 15 euros per MWh for the months of May and June, as part of an energy-crisis support package for households and farmers totaling 47 million euros, sources have informed.

The energy ministry, due to officially announce this latest subsidy support package today, opted to commit to a two-month period of subsidies, covering May and June, instead of the usual one month, in anticipation of the May 21 legislative election and any interruptions a possible second round of voting, which would be held roughly one month later, could cause to the energy-crisis support being offered to consumers.

No income criteria have been applied to the electricity subsidies offered for May and June.

Consumers using over 500 kWh of electricity in a month will also be eligible for subsidies of 15 euros per MWh for the two-month period as long as they reduce their usage by 15 percent compared to the equivalent months a year earlier.

Underprivileged households already receiving energy-cost support through the country’s Social Residential Tariff (KOT) package will be subsidized for electricity at a higher rate of 50 euros per MWh in May and June.

Electricity subsidies for farmers have been set at 15 euros per MWh for the two-month period.