Greece unveils plan to cut electricity prices 30% by 2029 via grid, battery subsidies

Greek energy ministry announced a package to reduce electricity prices by 30% between 2027-2029, including a 50% cut in YKO charges and new subsidies for batteries and heating system replacements. The plan targets lower wholesale prices and reduced consumption through household energy upgrades and island grid interconnections. Implementation details and funding remain unspecified, and the timeline is long-term, so near-term market impact is limited.