Government announces 700 million euros scheme to reduce industrial energy costs

A 700 cardinal euros enactment strategy to trim vigor costs for industry, aimed astatine 23,000 tiny and ample concern enterprises, was presented contiguous by the Minister for the Environment and Energy Stavros Papastavrou; the Minister for Development Takis Theodorikakos; and the Deputy Minister for the Environment and Energy, Nikos Tsafos.

The programme is structured astir 2 pillars:

-An contiguous simplification successful vigor costs for manufacture amounting to 100 cardinal euros per twelvemonth for the adjacent 5 years (a full of 500 cardinal euros), delivered done accrued compensation for contamination costs and a 50% simplification successful nationalist inferior charges.

-The measurement relating to contamination costs volition supply an further 75 cardinal euros per twelvemonth and is aimed astatine astir 40–50 energy-intensive industries.

-The 50% simplification successful inferior charges volition use to each industries successful the low-, medium-, and high-voltage categories, astatine an estimated yearly outgo of 26 cardinal euros, and volition instrumentality effect connected 1 July. Investments successful greenish initiatives, funded done the Modernisation Fund for Strategic Investments, totalling 200 cardinal euros. The Fund volition enactment investments successful electrification, vigor absorption systems, vigor storage, and heat-recovery technologies, which are expected to present vigor savings of astatine slightest 10%.

The Minister for the Environment and Energy Stavros Papastavrou, stated that the Prime Minister Kyriakos Mitsotakis, speaking astatine the wide assembly of the Hellenic Federation of Enterprises (SEV), had emphasised that the authorities stands by manufacture and had committed to seeking further tools to assistance it go much competitory wrong a prudent fiscal model and with a broader scope of beneficiaries. He added that supporting manufacture means supporting the system for the payment of nine arsenic a whole, stressing that the authorities remains vigilant arsenic the strength and breadth of the situation proceed to impact everyone.

Development Minister Takis Theodorikakos noted that supporting manufacture is an implicit precedence for the government, arsenic expanding the productivity and competitiveness of Greek manufacture is simply a prerequisite for beardown businesses and sustained, sustainable growth. He said that the programme has a nonstop interaction connected improving wages and that determination volition beryllium a nationalist telephone for proposals nether the Modernisation Fund, noting that sectors specified arsenic aluminium, copper, iron, and metallic construction, cement, and timber, arsenic good arsenic the chemic and pharmaceutical industries, could benefit.

Deputy Minister for the Environment and Energy Nikos Tsafos stated that the announcement followed months of negotiations with the European Commission.

President of the Hellenic Federation of Enterprises (SEV) Spyros Theodoropoulos, who participated successful the interministerial gathering anterior to the announcement of the measures, said that this is simply a measurement successful the close direction. He added that a affirmative improvement is the continuation of discussions with the ministry, noting that caller proposals that bash not load the authorities fund person already been submitted, including the enactment of interruptibility.