# Greek debt settlement and electricity regulation measures > Live situation record from CLSTR: https://clstr.news/situations/greek-debt-settlement-and-regulation-measures > Updated: 2026-08-31T03:18:04.000Z. Sources: 23. Developments: 5. Greece has introduced regulatory measures to address accumulated debt. In August 2026, the government implemented a 72-installment program for debts incurred up to December 31, 2023, featuring a 5.84% interest rate. However, the Ministry of National Economy and Finance is now considering expanding this program to 100 or 120 installments due to low adoption rates. As of late August 2026, approximately 11,500 applications have been submitted. The program potentially covers debts totaling 95.3 billion euros, affecting over 1.5 million individuals and businesses. Current limitations hindering adoption include the exclusion of debts incurred after December 31, 2023, and the inability to transfer existing active settlements into the new framework. Officials are evaluating these modifications to reduce the monthly burden on debtors and prevent asset seizures or bank account freezes. Decisions regarding these changes are expected shortly and may be presented during government announcements at the IMF meetings. To combat ‘energy tourism’ and address approximately €2.98 billion in overdue electricity debts reported in 2025, the Ministry of Environment and Energy is amending the Electricity Supply Code. A ‘debt flagging’ system prevents consumers with three flags from switching providers until debts are settled. Under new protocols published in the Government Gazette, suppliers can request up to two years of a customer’s history, including consumption data and overdue markings, when a provider change is requested. Contracts will now include clauses for customer consent to share debt information with third-party suppliers. New payment timelines require small customers to be given at least 20 days to settle a bill, with paper bills allowing 25 days from mailing. If a second deadline passes, suppliers must contact the customer within five days to propose an installment plan; the consumer then has five days to respond before the customer is officially marked as overdue in the operator’s information system. ## Claims - The Ministry of Environment and Energy is amending the Electricity Supply Code. (corroborated by 4 sources) - A new debt flagging system is being introduced for the first time. (corroborated by 4 sources) - Consumers with three debt flags cannot change electricity suppliers until debts are settled or rescheduled. (corroborated by 4 sources) - The Ministerial Decision was signed by Minister Stavros Papastavrou and Deputy Minister Nikos Tsafos. (corroborated by 4 sources) - Overdue debts to electricity suppliers reached approximately 3 billion euros by the end of 2025. (corroborated by 2 sources) ## Timeline ### 2026-08-31: Greece considers expanding debt installment plan to 120 months Greece is considering expanding its debt restructuring program from 72 to 100 or 120 installments to increase participation among the 1.5 million potential debtors. 4 sources. https://clstr.news/cluster/greece-considers-expanding-debt-settlement-program-to-120-installments ### 2026-08-27: Greece implements new rules for unpaid electricity bills Greece has implemented new regulations for unpaid electricity bills, establishing specific payment deadlines, debt settlement procedures, and data-sharing rules between suppliers. 8 sources. https://clstr.news/cluster/greece-implements-new-rules-for-unpaid-electricity-bills ### 2026-08-24: Greece to restrict electricity provider switching for debtors Greece is introducing new regulations to prevent ‘energy tourism,’ blocking consumers with three unpaid electricity bill flags from switching providers until debts are settled. 3 sources. https://clstr.news/cluster/greece-to-restrict-electricity-provider-switching-for-debtors ### 2026-08-20: Greece introduces debt flagging to curb electricity non-payment Greece is implementing a ‘debt flagging’ system to stop ‘energy tourists’ from switching electricity providers to avoid unpaid bills, aiming to protect compliant consumers and reduce market debt. 10 sources. https://clstr.news/cluster/greece-introduces-debt-flagging-to-combat-electricity-non-payers ### 2026-08-12: Greece debt settlement: 72-installment program sees initial uptake Greece's new 72-installment debt settlement program has seen 20,000 initial applications. Debtors must settle all obligations incurred since January 2024 to qualify for the 5.84% interest rate plan. 3 sources. https://clstr.news/cluster/greece-debt-settlement-72-installment-program-sees-initial-uptake --- Cite as: Greek debt settlement and electricity regulation measures. CLSTR, https://clstr.news/situations/greek-debt-settlement-and-regulation-measures