Greece has launched a €434 million energy-saving program to help homeowners improve energy efficiency in their primary residences. The initiative, targeting vulnerable populations, supports upgrades like thermal insulation, renewable energy systems, and smart home technologies, aiming for a 30% reduction in energy consumption. Applications are now open.
Tag: Energy Costs
Greek Prime Minister Kyriakos Mitsotakis faces growing public dissatisfaction as economic hardships persist despite progress in national financial indicators. A *Handelsblatt* report highlights that real incomes remain 23.7% lower than pre-crisis levels, with inflation, high energy costs, and stagnant wages fueling frustration. While New Democracy leads in polls, its shrinking margin and declining approval rates pose significant challenges to Mitsotakis' leadership.
Greece has signed an agreement with the European Commission and the European Investment Bank to create a fund aimed at helping its islands, which heavily rely on tourism, transition from fossil fuels to renewable energy sources. This initiative seeks to lower energy costs and promote sustainable practices, ensuring a greener future for these sunlit Aegean and Ionian islands.
The Hellenic Electricity Distribution Network Operator (HEDNO) has proposed a significant increase in penalties for electricity theft, suggesting that offenders be charged double the current market price for stolen energy. Under the new plan, those caught stealing electricity will be billed retroactively from the date the theft began and will also bear the costs associated with its detection. This initiative comes in response to a rise in electricity theft and aims to align penalties with current energy costs, ensuring that consumers who pay their bills do not subsidize those who do not.
Greece is set to enhance its AI infrastructure with a €300 million investment by Paris-based company Data4 to establish a new data center near Athens. This initiative is part of Greece's efforts to integrate into the European AI ecosystem and strengthen its digital economy. Despite challenges like high energy costs and regulatory hurdles in the EU, Greece is committed to advancing its AI capabilities.
In Vienna, Greek Prime Minister Kyriakos Mitsotakis stated that Greece can't offer better social protection to refugees than it does to Greek citizens. He called for fair EU support and stressed that migration decisions should be made by member states, not traffickers.
Greece's revised National Plan on Energy and the Climate is open for public consultation until September 16. The plan aims to reduce energy transition costs, meet EU targets, and achieve significant greenhouse gas reductions and renewable energy use by 2030. Citizens, businesses, and organizations are invited to provide feedback online.
Starting July 1st, consumers in Greece will confront a daunting 20% hike in electricity rates,…
Following a surge that began before the war in Ukraine, electricity and gas bills in…
Greek farmers demand cost reductions and compensation through protests and roadblocks in Athens. They are concerned about high production costs, inflation, foreign competition, and climate change. Protests aim to expand nationwide, with authorities working to prevent disruptions to major highways.
Greek Prime Minister Kyriakos Mitsotakis announced a billion dollar support package in in a televised…
Greece's Environment and Energy Ministry announced that it is considering a series of measures to…