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The government to announce measures to offset electricity price increases

The government to announce measures to offset electricity price increases
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The government is considering a doubling of the funds allocated to subsidising electricity bills, relative to its initial announcements, increasing them to 300 million euros, as well as an expansion of the criteria for granting the heating allowance - which also covers gas consumers at a cost of close to 200 million euros - in an effort to offset the additional costs of continuing energy price increases.

According to sources, the possibility of a horizontal discount on natural gas has been put on the table at the initiative of the market in order to cover a significant part of the price increases. The final announcements are expected on Friday morning from the ministers responsible.

The increase in the subsidy for electricity bills "translates" into a subsidy for consumers close to 13 euros per month for consumption of up to 300 kilowatt hours. The source of funding for the measure will be the increased revenues from emissions allowances, the prices of which are also rising sharply. This is a measure that will be included in the "toolbox" to address price increases in energy that is expected to be announced next week by the European Commission.

Source: ana-mpa

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