Power Pass: Electricity Allowance platform opens today - How to apply

ΑOnce the platform is up and running, beneficiaries will also be able to apply for compensation, up to 600 euro, for the exaggerated electricity bills paid during the period by December 2021 to May 2022.

Overall, over 6,3 million taxpayers with annual family income up to 73.000 euro are entitled to receive the extraordinary subsidy for the consumption of electricity of the last six months.

The platform will remain open until last day of June. Payment of the amounts is expected to be made in first 15 days of July.

Compensation for Power Pass will start from 18 euro and will rise to 600 euro per meter, which is the upper limit and will apply to those accounts issued by the December 1, 2021 until May 31, 2022.

Η compensation is paid for 60% additional charges, after deducting from them the subsidies of the state and possibly the providers and up to the amount of 600 euro.

Indicative examples:

1. If anyone has extra charges, after deducting the grants for that period, total amount 600 euro, will receive compensation 360 euros.

2. If the extra charges amount to 800 euro, the compensation will be set at 480 euro.

3. If the extra charges are 1.000 euro, the compensation will be 600 euro, while if

4. Charges are from 1.000 euro and up again the compensation will be600 euros.

Useful information about the Power Pass:

• Who are the beneficiaries: Beneficiaries of the aid are household electricity consumers, who are contracted on floating electricity supply tariffs that are adjusted based on the wholesale electricity purchase price. The aid concerns the consumption account of the main residence of the beneficiaries, as well as the rented residence of their children who are studying.

• Financial aid: To receive the financial support, each power supply number, for each month, is declared by only one beneficiary. In case a power supply number for a month is declared by two or more beneficiaries, the procedure of distribution of the aid per beneficiary is followed.

• Amount of compensation: The amount of aid per electricity bill is calculated at 60% of the positive balance resulting from the deduction from the amount of the bill adjustment clause and the deduction amounts.

•Exceptions:In case the account does not concern a floating invoice the applicant is not entitled to receive aid. Also, in case the account does not concern home provision, the applicant is not entitled to receive aid.

• Calculation: For floating invoices, which do not indicate separately in their charges the amount corresponding to the adjustment clause, this is calculated implicitly by the energy supplier (the amount resulting from the deduction from the amount of energy supply charge based on consumption, imputed amount). energy for which the price of EUR 120 per MWh is taken into account).

• Discounts: Discounts granted by electricity suppliers include any form of discount, the amount of which depends on the energy consumption of the bill. Fixed amount discounts that are not calculated on the energy consumed are excluded.

• Aid amounts:The financial aid is granted to beneficiaries who have been charged with a total increase in electricity bills issued for an amount of more than 30 euros and can not exceed 600 euros per beneficiary. The amount of financial assistance is tax-free, inalienable and unsecured in the hands of the State or third parties.

• Where will they be credited:The amount of financial assistance is credited to the beneficiary's bank account stated in the application.

• False information:In the event that during the audit of the applicant by the tax administration or other competent control body, it is found that false or inaccurate information was submitted in the application for financial assistance, twice the amount of the granted aid is immediately required.

What will happen to the rented residence they are studying

The applicant is required to confirm or update the details of the rented residence of dependent children of the family studying. Particularly:

1. The income tax return for the tax year 2021 is derived from the details of the rental residence paid for the residence of children of the studying family, which the applicant is required to confirm.

2. In case the rented residence of the child has changed over time 1st December 2021 to 1st May 2022, the beneficiary fills in the relevant data for the rented residence where the child lived 1 December 2021, 1 January 2022, 1 February 2022, 1 March 2022, 1 April 2022 and 1 May 2022.

3. The change of the data of the rented residence of the child is a responsible declaration to the tax authority and is pre-filled in the data of the tax declaration of the tax year 2022.

More information

The compensation will be received by all individuals with a net family income of 2020 to 45.000 euro, for the consumption account of the main residence and the residence of the students studying inside, with floating supply invoices, of the period 1.12.2021 – 31.5.2022.

The grant will be deposited in a bank account of the choice of the beneficiary who will have to apply in a special application that will be created in the digital portal gov.gr from the Information Society.

For the payment of the compensation will be taken into account the income of 2020 declared to the Tax Office in 2021. In any case a necessary condition for receiving the financial support is the beneficiary to have submitted a tax return for his income 2020 to May 1, 2022.

Those who file a tax return for the first time this year should hurry to file it before submitting the application on the online platform for the grant. For them, the net family income after tax deduction, obtained in 2021, will be taken into account.

For households that have a common watch (eg duplexes) the subsidy will be given to the beneficiary whose VAT is indicated in the electricity bill. In case the TIN does not belong to any of the beneficiaries, the amount of the subsidy is distributed to the beneficiaries.

The amount of the grant is tax-free, inalienable and unsecured in the hands of the State or third parties, by way of derogation from any general and special provision, are not subject to any withholding, fee or contribution including the special solidarity contribution, is not bound and is not offset the tax administration and the State in general, the municipalities, the regions, the insurance funds, as well as the credit institutions and it is not calculated in the income limits for the payment of any benefit of social or welfare character.

How to apply

To apply, beneficiaries must:

• To enter the online platform with the passwords in Taxisnet.