The Ministry of Finance wishes to inform that the Council of Ministers at its meeting today, dated 12 April 2023, approved the extension of the electricity cost subsidy measure to counter inflationary pressures for two additional months, namely for tariffs for the period May - June 2023, for electricity consumption in the period March - April 2023.
The cost of the extension of the measure for the two additional tariffed months amounts to €21 million. The subsidy amounts to 100% for vulnerable residential consumers, while remaining tiered for other residential, commercial and industrial low-voltage consumers. The subsidy also covers water users for the purpose of water supply and/or irrigation and/or rainwater pumping on a bi-monthly basis.
(B]PIO[/B]
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