Greece announces energy cost reduction and economic reform roadmap

energy cost reduction Greek economy electricity subsidies Athens Stock Exchange tax reform

The Greek government has announced a comprehensive economic and energy roadmap aimed at reducing electricity costs by 30% between 2027 and 2029. Key measures include a 50% reduction in Public Service Obligation (YKO) charges for residential consumers starting January 1, 2027, and the decoupling of municipal fees from electricity bills by 2028.

To support these goals, the government plans to increase energy storage capacity to 1 GW by the end of 2026 and will implement subsidy programs for heat pumps and solar water heaters targeting 100,000 beneficiaries. The strategy also emphasizes increasing the use of renewable energy sources and improving grid infrastructure.

In broader economic terms, a 2.2 billion euro package for 2027 aims to support various social groups, including pensioners, professionals, and families. Notable tax reforms include the partial abolition of presumptive income tax for consistent self-employed professionals starting in 2026 and an increase in monthly pension supplements for those over 65.

Additionally, the Athens Stock Exchange is set for a major milestone in September 2026, as it is scheduled to be reclassified from an emerging to a developed market by FTSE Russell and STOXX, a move expected to attract significant institutional capital.

Entities

Athens Stock Exchange · DEPA Eborias · Euronext Athens · FTSE Russell · Greece · JPMorgan · Kyriakos Mitsotakis · Ministry of Environment and Energy · Nikos Tsafos · Stavros Papastavrou · Stena Drilling · Stoxx

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] European natural gas is trading at €72.77 per megawatt-hour and oil is approximately $90 per barrel.
[○ 1 SOURCE] Greece aims to reduce electricity costs by 30% between 2027 and 2029.
[○ 1 SOURCE] The Greek government plans a 50% reduction in Public Service Obligation charges starting January 2027.
[○ 1 SOURCE] Municipal fees will be removed from electricity bills starting in 2028.
[○ 1 SOURCE] The unavailability of the Cernavodă nuclear plant in Romania has increased reliance on imports and other energy sources. serbia-energy.eu
[○ 1 SOURCE] SEEPEX power prices fell from €184.92/MWh on September 3 to €60.19/MWh on September 6. serbia-energy.eu
[● 8 SOURCES] Public Utility charges (YKO) will be reduced by 50% starting January 1, 2027. www.energygame.gr · www.ienergeia.gr · www.dnews.gr · www.emakedonia.gr · www.naftemporiki.gr · +3 more
[● 3 SOURCES] The 2027 economic package includes 2.2 billion euros in measures for various social groups. www.sbctv.gr · www.powergame.gr · www.tanea.gr
[○ 1 SOURCE] The government plans to increase energy storage capacity to 1 GW by the end of 2026. www.naftemporiki.gr
[● 3 SOURCES] The presumptive income tax for consistent self-employed professionals will be largely abolished from 2026. www.sbctv.gr · www.powergame.gr · www.tanea.gr
[● 4 SOURCES] Municipal fees will be decoupled from electricity bills starting in 2028. www.ienergeia.gr · www.dnews.gr · www.emakedonia.gr · www.newsit.gr
[● 5 SOURCES] A new subsidy program for heat pumps and solar water heaters will target 100,000 beneficiaries. www.ienergeia.gr · www.naftemporiki.gr · www.dnews.gr · www.newsit.gr · ecozen.gr