Shortly before the end of April, the Minister for Economic Affairs and Finance spoke of «More energy crisis in history»However, making it clear that in Greece there is no additional budgetary area for new package of measures.
Although nothing is yet certain about the next steps, the financial staff seem not to confirm and exclude anything, as everything will depend on the duration and extent of the energy crisis.
After the publication of ELSTAT's surplus report, the government announced a 500m-euro support package, with an extension of fuel measures, such as fuel pass and pump subsidy.
Today, the Power Pass is the new word «key» which has begun to be heard on the market, under the scenario for a new EUR 200 million emergency assistance package to support households.
According to the first information, the subsidy granted by Fuel Pass it is expected to remain in force for the two months of June – July, and the extension of the horizontal subsidy on diesel oil for June is also being considered.
It is worth noting that the largest increase (7%) in Greece was recorded in Prices electricity April, According to the latest HEPI report (Household Energy Price Index).
What Power Pass is
This is the exceptional financial support for household consumer electricity accounts, financed by the State budget to cover part of the increase in electricity consumption costs and relates to the accounts with a adjustment clause issued from December 2021 to June 2022.
The «first» a dose was credited to the beneficiaries in the summer of 2022 and «second» filed at the end of September.
Then with the «freeze» the adaptation clause, the financial aid was not granted in the form of «check» but with a step subsidy on electricity consumption in the account.
In 2022, Power Pass beneficiaries were the holders of electricity bills issued for the first residence and student residence of a protected member studying within Greece provided:
- were tax residents of Greece,
- the net family income after tax deduction does not exceed 45,000 €, on the basis of the declared revenue for 2020 ,
- the VAT registered on the platform has not already been declared as a dependent member on an application submitted by another person; and
- the increase in current accounts issued between 01-12-2021 and 31-05-2022 more than 30 €.
The eight measures in force
- Grant extension to diesel: The 20-minute subsidy is extended in May. Cost: EUR 55 million – Beneficiaries: Diesel vehicle owners.
- Extension of subsidies to fertilisers: A 15% subsidy is extended until August: plus 23 million euros – Beneficiaries: 250,000 farmers.
- Increase in rent return income limits: From 20,000 to 25,000 euros – From 28,000 to 35,000 euros. For single-parent from 31,000 to 39,000 euros. Plus 5,000 euros per child. Cost: EUR 25 million – Beneficiaries: extra 70,000 tenants – total 1 million
- Financial support for families with children: Emergency aid of EUR 150 per child at the end of June. Cost: EUR 240 million – Beneficiaries: 975,000 households.
- Increase aid and expansion of pensioners: From 250 to 300 euros net every November. Extending income and property limits. It's about retired, uninsured seniors, disabled. Cost: EUR 198 million – Beneficiaries: additional 420,000, totaling EUR 1.87 million
- Bank account seizure lifted.
- Explosive scope extension.
- Inclusion in 72 doses of old taxable debts.
The last three measures concern 1.3 million natural and 284 000 legal persons with 95.3 billion euro debts
