New electricity tariffs to be announced by next Sunday, July 10

The government aspires with the combination of measures implemented in the wholesale and retail market to absorb more than 70 pct of the price increase and to reduce the cost of the kilowatt-hour close to the level of last autumn.

On the other hand, developments in the international market regarding the price of natural gas are not favorable and market sources express reservations about the effect of the interventions. However, the government reassures that if necessary, the budget expenditure on energy subsidies will increase.