Greece Considers Horizontal Subsidies as Electricity Prices Soar
Amid increasing concerns over rising electricity costs, the Greek government is contemplating horizontal subsidies for power bills. On November 14, electricity prices reached €200 per megawatt-hour, with expectations of higher costs impacting consumers. Environment Minister Theodoros Skylakakis has emphasized that these price hikes should not be passed on to households and businesses, vowing to combat potential profiteering. The recent surge mirrors energy crises experienced earlier this year, with Greece’s prices notably higher than other Central European countries. Meanwhile, the government is pushing for European intervention to manage such fluctuations more effectively.