Pricing

Greece recorded one of the cheapest retail electricity prices in Europe in December noted Environment and Energy Minister Kostas Skrekas in a statement regarding the figures for the Household Energy Price Index throughout Europe.

Global food prices fell in December for the ninth month in a row, but nevertheless rose 14 percent in 2022 compared to the previous year to record levels, the World Food Organization (FAO) reported to the United Nations, cited by "Reuters".

Around February 20 the government will launch the Market Pass platform for the food purchase allowance, while the low international rates of natural gas may give the government some fiscal room for another pre-election handout, as the electricity rate subsidy will be reduced.

Bulgaria: Increase in Price of Gas for January, a Jump of 22.7% compared to December

Prices of natural gas used in electricity production have been reduced, while gas prices for households have been kept unchanged for January.

The Petroleum Pipeline Corporation (Botaş) announced that the price of gas used was cut by 12.75 percent to 18,000 Turkish Liras/1,000 cubic meters.

The price of natural gas households consume was kept at 4,080 liras/1,000 cubic meters.

After capping electricity and gas prices for the benefit of households, protected consumers and public institutions, the government has now imposed a price cap on electricity supplied to micro, small and medium-sized companies.

Under a regulation adopted by the government on 30 December, the cap will be in force for six months starting from 1 January.

The billowing winds that swept Greece over the last three days were enough to produce up to 83% of the electricity consumed by households and businesses and to knock down the average wholesale electricity price by 44%.

Fuel prices in Kenya surged to record highs yesterday after the new government slashed subsidies, piling on misery for a population already facing deep economic hardship.

The price of petrol increased by 20 shillings to 179.30 (about $1.50) per liter while diesel and kerosene prices are up by 20 and 25 shillings respectively, the Energy and Petroleum Regulatory Authority (EPRA) said.

The Czech government in an emergency meeting on Monday approved measures to limit the price of electricity and gas for households, small and medium-sized enterprises and public institutions. This was announced to journalists by Prime Minister Petr Fiala.

EU foreign ministers met in Prague this week, under the auspices of Czechia's presidency of the EU Council, to discuss calls from CEE and Nordic member states to close the bloc's door to Russians.