Greece to Cover 94% of Household Power-Price Hike in September
- Poorest will receive almost 100% support, energy minister says
- Subsidies are funded by budget, transition fund, producer tax
Electricity transmission pylons near residential homes northeast of Athens, Greece.
Photographer: Yorgos Karahalis/BloombergThis article is for subscribers only.
Greece will spend almost 2 billion euros ($1.98 billion) subsidizing rising power bills in September as energy prices continue to climb across Europe.
Greece, which put in place a subsidy program last year, is among countries across the region to offer assistance to homes and businesses as a severe energy crunch sends prices soaring.