On Friday the Ministry of Environment and Energy announced the framework
On Friday the Ministry of Environment and Energy announced the framework for electricity subsidies targeting approximately one million businesses across Greece. The subsidies will cover variable electricity tariffs for the three-month period from December 1, 2024, to February 28, 2025, aiming to offset average price increases experienced during the winter.
According to the Ministry, the aid package is structured into three business categories, based on annual turnover in the 2023 fiscal year, with each receiving a different level of subsidy on their electricity consumption:
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Group 1 includes businesses with an annual turnover of €0 to €500,000, receiving €0.02 per kWh on 100% of their electricity use.
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Group 2 includes businesses with turnover between €500,000.01 and €1,000,000, receiving €0.02 per kWh on 80% of their usage.
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Group 3 covers those with turnover between €1,000,000.01 and €10,000,000, who will also receive €0.02 per kWh, but on 60% of their electricity consumption.
In addition to these groups, businesses operating under KAD codes 10.71, 10.72, and 96.10—specifically bakeries, confectioneries, and dry cleaners—will benefit from an enhanced subsidy of €0.04 per kWh on 100% of their consumption, regardless of turnover.
However, businesses found guilty of electricity theft are explicitly excluded from the subsidy
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