The Greek government wants to absorb the rise in electricity and gas bills by up to 90 percent in October. According to Energy Minister Kostas Skrekas, the support can reach up to 436 euros per megawatt hour and covers around 90 percent of Greek households.
1.1 billion euros have been made available for the measure, of which only 100 million euros came from the budget, said Skrekas. The rest is financed by excess taxation by energy companies.
Greece had already introduced this in May: Until further notice, energy companies must pay 90 percent tax on all profits that are above the average values of the previous year.