Greek Prime Minister Kyriakos Mitsotakis took to social media to address the reduction of DEI’s (Public Power Corporation) fixed electricity tariff. The Prime Minister described it as a “major announcement” by DEI, noting that it comes at a time of “rising global energy prices, which in any other period would have automatically meant higher bills for every Greek household.” Nevertheless, Mitsotakis stressed, “we are managing to keep prices low” — something that would not have been possible “without a financially strong Public Power Corporation, capable of absorbing part of the cost itself rather than passing it on to consumers.”
Mitsotakis’ full post
“I want to tell you about an important announcement made yesterday that you may not be aware of. DEI has announced that its fixed tariff for next year will drop to €0.115/kWh with a standing charge of just €3.50. And this comes against a backdrop of rising energy prices globally — something that, in any other era, would have automatically meant more expensive electricity bills for every Greek home.
Yet we are managing to keep prices low. This is no coincidence. It could not have happened without a financially strong Public Power Corporation — one capable of absorbing part of the cost itself rather than passing it on to consumers. A public company that, I should remind you, was on the verge of bankruptcy in 2019. Today, it is a shield of protection for every Greek family. Because a strong DEI ultimately means something very simple: less pressure on your electricity bills.“
