ENERGY

Environment and Energy Minister also referred to the national energy strategy for accelerating the green transition, pointing out that Renewable Energy Sources now represent 40 pct of the country's energy mix and are expected to reach 60 pct in the next three years.

Subsidies will continue to cover all consumers and power connections, without income criteria, but from next month a three-tier system will be introduced, with higher subsidies for lower consumption levels and additional discounts to reward energy savings.

The energy minister, Mr. K. Skrekas, said that the four storage tanks will ensure natural gas supplies are adequate in case flows from abroad are interrupted.

Εnvironment and Energy Minister said that "we have already quadrupled the RES installments in the last three years with a double result. Firstly, we gave a boost to the change of the energy production mixture and secondly, we achieved substantial savings for the citizens".

Environmnent & Energy Minister Kostas Skrekas noted that the government is systematically preparing to ensure the country's energy sufficiency, considering even the most unfavorable scenarios.

Apart from the interest in tourism, he added, there was information that a major investment in wind energy was about to be announced in Greece, which will be among the largest in the region.

Within operating profitability targets, PPC is committed to continuing its investment plan with emphasis on RES and maintaining support to consumers.

The prime minister emphasised that 90 pct of the excess profits of energy companies will be subjected to emergency taxation and return to the state budget.

Prime Minister said that as long as this upheaval lasts, there will be a not-at-all insignificant support from the state to help you with your costs and added that from the beginning of January there will be a state subsidy for energy costs for all production units.

The construction of the Alexandroupolis Liquefied Natural Gas Terminal will actively contribute to the country's energy security, liquidity and efficiency and will strengthen Greece's strategic role in SE Europe.