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Greek debt settlement and electricity regulation measures

Updated 4 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-31 07:55 UTC → 2026-09-01 09:27 UTC · added removed

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. Data from the Independent Authority for Public Revenue (AADE) indicates that only 6.83% As of the total real overdue balance is currently under settlement, with late August 2026, approximately 11,000 debtors participating in the EFKA debt program. Proposals for more flexibility aim to address concerns regarding high interest 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 created incurred after late 2023. 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.

Versions

  1. 2026-09-01 09:27 UTC Greek debt settlement and electricity regulation measures
  2. 2026-08-31 07:55 UTC Greek debt settlement and electricity regulation measures
  3. 2026-08-27 08:17 UTC Greek debt settlement and electricity regulation measures
  4. 2026-08-24 05:25 UTC Greek debt settlement and regulation measures
  5. 2026-08-23 18:22 UTC Greek debt settlement and regulation measures

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