Suppliers set to receive third installment covering subsidies

Electricity suppliers will be receiving a third installment covering government electricity bill subsidies offered to consumers in the final quarter of 2021, they were informed yesterday during a video conference with energy minister Kostas Skrekas and Regulatory Authority for Energy (RAE) chief executive Athanasios Dagoumas.

Natural gas retailers will also be receiving a sum covering retail discounts offered in October and November, it is believed.

A fourth installment covering electricity subsidies offered by the government for consumption in December will not be paid until mid-way through next year, it has been previously reported.

A new electricity billing format shaped by RAE, intended to offer consumers greater transparency and price-comparing ability, was also discussed during yesterday’s video conference. RAE has informed suppliers that it will forward today details clarifying certain electricity bill formatting specifications, sources informed.