Greece implements new electricity debt rules and reports lower food inflation

Greece is implementing new measures to combat strategic non-payers in the electricity market. The Ministry of Environment and Energy has amended the Electricity Supply Code to introduce a 'debt flagging' system. This allows suppliers to notify the Hellenic Electricity Distribution Network Operator (HEDNO) of overdue debts. Once a consumer reaches three flags, they will be prohibited from switching suppliers until their debts are settled. This move aims to prevent 'energy tourism,' where consumers move between providers to evade unpaid bills, which contributed to approximately 3 billion euros in overdue debts by the end of 2025.

Separately, Greek Development Minister Takis Theodorakis reported a decline in food inflation based on Eurostat data. For July, food inflation in Greece was recorded at -0.4% compared to July 2025 and -2.3% compared to June 2026. The Minister stated that the government is preparing a national initiative to reduce the prices of essential goods starting in September, working alongside the Independent Consumer Protection Authority to ensure a fairer and more competitive market.