The Development Ministry yesterday approved an annual increase to electricity bills ranging between 2.6 to 3.8 percent in a move that will add up to 12 euros to each household’s annual power costs. The hikes, applicable as of August, will depend on each household’s annual power consumption. According to the ministry, 45 percent of households will be hit with a 2.6 percent increase, translating into a yearly rise of 5 euros. The remainder (55 percent of households) will see their power costs upped by 3.8 percent, or 12 euros per year. The larger increase will apply to consumers who use more than 800 KWh every four months. The increase in tariffs for farmers, large families (with four or more children) and low income earners is below current inflation levels, said Development Minister Dimitris Sioufas.