Greece to double subsidy on energy bills to 840 mln euros in January
ATHENS, Dec 23 (Reuters) - Greece will increase subsidies on energy bills to 840 million euros ($892.08 million) in January to continue supporting households and businesses against soaring energy prices, Energy Minister Kostas Skrekas said on Friday.
The support - double the subsidies allocated in December - will be funded by a windfall tax on power producers and carbon emission rights, Skrekas said.
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Greece had earmarked more than 10 billion euros this year to help households and businesses pay their electricity, gas and heating fuel bills which have jumped following a spike in energy prices in the wake of the war in Ukraine.
For customers using up to 500 kilowatt hours of electricity per month - which accounts for about 90% of Greek households - the subsidy will reach 330 euros per megawatt hour, absorbing up to 87% of the increase, Skrekas said.
About 700,000 households that use gas will also get a monthly 20 euro subsidy per megawatt hour. ($1 = 0.9416 euros) (Reporting by Angeliki Koutantou; Editing by Andrew Heavens and Jane Merriman)