Greece is preparing 95 million euro in aid to cover the electricity costs of industrial enterprises

Greece is preparing a new support scheme for industrial enterprises with high electricity consumption, for which up to 95 million euros have been earmarked. Potential beneficiaries include manufacturers of cement, food, paper, and plastic products, whose costs are directly affected by rising energy prices. The financial support will cover consumption in 2026, with disbursement of funds expected to begin in 2027, BalkanEngineer.com learned from a joint official statement by the Greek Ministries of Environment and Energy and of National Economy and Finance.

The measure was announced in early October by Greek Prime Minister Kyriakos Mitsotakis during the annual general meeting of the Hellenic Federation of Enterprises (SEV). The government plans to direct the funds toward industrial sectors exposed to international competition and sensitive to electricity prices. However, the final terms have yet to be approved.

Two support periods are planned, each with different conditions for businesses. The first covers January through July 2026 and is intended for eligible industrial consumers who do not receive compensation for indirect costs related to carbon dioxide emissions. For the period August–December 2026, the scheme will be expanded to include enterprises that already receive compensation for indirect CO₂ emission costs. For these enterprises, support will apply to up to 25% of total consumption, while for the remaining eligible enterprises, the share will be up to 50%. Oil refineries are excluded from the new scheme. Funding will be provided in accordance with European state aid rules.

The allocated 95 million euros complements other measures to reduce energy costs for Greek industry. These include a €75 million increase in compensation for indirect CO₂ costs, benefiting 50 companies, as well as a 50 percent reduction in certain public utility fees for 23,000 companies.

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