Greece to Cover 94% of Household Power-Price Hike in September

Greece will spend almost 2 billion euros ($1.98 billion) subsidizing rising power bills in September as energy prices continue to climb across Europe.

Greece, which put in place a subsidy program last year, is among countries across the region to offer assistance to homes and businesses as a severe energy crunch sends prices soaring.

The state will cover 94% of the increase in power bills for most households next month, with the poorest receiving almost 100% support, Energy Minister Konstantinos Skrekas said in televised comments. Small and medium-sized businesses will get 89% of the hike covered, and farmers as much ...