Domestic power rates will rise from July 1

The abolition of a series of subsidies on electricity rates, as the bailout agreement between Athens and its creditors dictates, will mean that as of July 1 homes consuming up to 800 kilowatt/hours per four-month period will see their power bill increase.

However, small commercial enterprises such as shops will enjoy a decline, according to the chairman and chief executive of Public Power Corporation, Arthuros Zervos.