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Global market trend 2022-2027 The financial pressure caused by high electricity prices in Greece has also had an impact on low voltage switch cabinet and prices by Newskennel35

Greek Environment and Energy Minister Skrekas announced on July 25 that the Greek government will intervene strongly in electricity prices in August to help all Greek households and businesses out of the financial pressure caused by high electricity prices. Since last year, especially after the start of the war in Ukraine, the price of energy and raw materials has soared further, especially the soaring price of electricity and other energy sources, which seriously affected the business operation and people's life in Greece.

The August tariff package alone cost the government 1.136 billion euros, nearly 50 percent of which was funded by a mechanism to cap wholesale electricity prices, Mr. Skrekas said. Electricity suppliers in Greece have announced their prices for August. The public power Company has set the price for August at €0.486 / KWH, Heron at €0.495 / KWH and Protergia at €0.54913 / KWH.

According to the ministerial announcement, the details of electricity subsidy in Greece in August are as follows:

- A subsidy of €337 per megawatt hour will be provided to all families for their main and village dwellings. There is no income ceiling for this subsidy.

-- For low-income groups receiving socially subsidized electricity, the subsidy will be 377 euros per megawatt-hour, and the government will absorb 100 percent of the increase in electricity prices.

-- the subsidy will be 300 euros per megawatt-hour for businesses that consume more than 35kVA, with the government absorbing 80 percent of the increase in electricity prices.

-- For farmers, the subsidy is 337 euros per megawatt hour, with the government absorbing an increase of 82 to 99 percent.

For industrial users, the subsidy is 250 euros per megawatt hour, with the government absorbing a 67 percent increase in electricity prices.

It also means that the final price of electricity for Greek consumers in August, after state subsidies, will be set at 15-17 euro cents per kilowatt-hour.

According to the new legal framework, from August, there will be no adjustment clause for electricity standards, which will be announced by all suppliers in advance and consumers can switch suppliers unconditionally. Electricity rates for September will be announced on August 20.

Previously, the Greek government, through the Power Pass, has reimbursed Greek customers for 60 percent of their electricity bills overpaid due to price increases between December 1, 2021, and May 31, 2022.

In addition, many consumers have recently taken to the Greek courts to challenge the "adjustment clause" in the power company's contract because of soaring electricity bills. The Athens Court of First Instance issued an interim order on The afternoon of June 2 prohibiting power companies from cutting off electricity to vulnerable households if they fail to pay their bills as agreed.

Under the influence of Fiscal pressure from Greece's exorbitant electricity prices , the low voltage switch cabinet market, as well as the cost of low voltage switch cabinet , is changing rapidly . These changes are indicators of market growth. This year-over-year uptrend in the market indicates oval but steady growth between August 2022 and August 2025. If you are looking for a low voltage switch cabinet or bulk purchase low voltage switch cabinet , please send email to: sales@shzpower.com .

The low voltage switch cabinet prices continue to be influenced by factors such as market momentum, opportunities and challenges. However, the global low voltage switch cabinet sales market is expected to continue to be above average during the forecast period 2022 to 2025. Growth rates will continue to rise. The low voltage switch cabinet prices are expected to increase from today through next week.

The cost of low voltage switch cabinet is constantly changing due to changing consumer needs, changing import and export conditions, and various investigations into low voltage switch cabinet development. The cost of the low voltage switch cabinet is also affected to some extent by the macroeconomic parameters, value chain analysis, channel partners, supply and demand of the current market. Expect the cost of low voltage switch cabinet to increase slightly between today and next week.

With the higher and higher cost of labor, more and more companies began to try to use the low voltage switch cabinet of automatic mechanization production. Automated production and processing is today's technological diversification of the development of the era more typical characteristics and trends, in some processing fields for a variety of low voltage switch cabinet equipment production application has reached the level of delight. As a result, the cost of low voltage switch cabinet is constantly changing.

"Shunzhi power electric provides professional, high quality, reliable and stable quality and price. In order to give feedback to regular customers, the company maintains full operation and provides low voltage switch cabinet at competitive prices. "Shunzhi power sales manager said.

Leading One-stop Power Distribution and Electrical Automation Solutions Manufacturer the low voltage switch cabinet supplier

Sh zp ower Electric Equipment Co., Ltd. (SHZPower) is a long-history high-tech enterprise dedicated to the scientific research, design and domestic and foreign trade of CNC glue dispensing machine, Multicolor Industrial Inkjet Printing Machine,electrical automation, medium and low voltage switch cabinets, box-type substations, power distribution cabinets, and multimedia boxes.

The company provides one-stop foaming sealing equipment, colorful inkjet equipment, power distribution and electrical automation solutions . With years of industry experience, strong technical strength, sufficient production capacity, reasonable prices, and good business reputation, the products are widely used in industry, power stations, real estate, transportation, construction machinery, new energy power, photovoltaic power generation, energy storage, Communication and other fields of electricity use.

We are willing to work hard for your satisfaction and bring you a satisfactory solution. Feel free to contact us. Email: sales@shzpower.com

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