Greece: Government Unveils Plan to Cut Electricity Costs by 30%
Greece is preparing a major programme aimed at reducing electricity costs for households and businesses by as much as 30% over the next three years.
The plan focuses on upgrading the electricity grid, expanding renewable-energy capacity, increasing energy storage and improving energy efficiency. The government says these measures are intended to make the country’s power system more resilient while reducing pressure on consumers.
The initiative comes as European countries continue to face uncertainty in energy markets. Higher international fuel prices and geopolitical tensions have increased concerns about electricity and transport costs, making energy affordability an important political issue.
Athens wants greater use of renewable sources to reduce dependence on imported fossil fuels. Additional storage capacity is also expected to help manage fluctuations in solar and wind generation and improve the reliability of the electricity system.
The government is simultaneously trying to maintain economic growth while addressing cost-of-living concerns. Prime Minister Kyriakos Mitsotakis recently announced a €3.5 billion package of tax cuts and wage increases and ruled out early elections, saying parliamentary elections will take place in spring 2027.
If successfully implemented, the electricity programme could provide significant relief to Greek consumers while supporting Athens’ longer-term transition toward cleaner and more domestically generated energy.
