Energy
Greece to Impose One-Off Tax on Power Producers to Subsidize Bills
- Power demand is spiking under extreme heat, and so are costs
- The move follows a jump in wholesale electricity prices
The Agios Dimitrios Power Plant in Kozani, Greece.
Photographer: Konstantinos Tsakalidis/BloombergThis article is for subscribers only.
Greece plans to take steps to ease electricity bills in August after a recent rise in wholesale power prices.
“We have to deal with a temporary distortion of the European regional European electricity market,” Prime Minister Kyriakos Mitsotakis said in an interview with the SKAI TV network on Tuesday. The government plans to impose a one-off tax on the July and August surplus profits of power producers who use natural gas.