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Fri, Oct

EU Gives Greece Exclusive Green Light On Energy Escape Clause

EU Gives Greece Exclusive Green Light On Energy Escape Clause

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The European Commission has approved, exclusively for Greece, the request of the Ministry of National Economy and Finance to expand the scope of the existing national escape clause so that it includes measures that strengthen the country’s energy resilience. The relevant letter had been sent on August 6, 2026.

The new investments are expected to reach €1 billion by 2028 and will be covered by national resources. They are exempt from the net primary expenditure growth limit of the European economic governance framework, up to 0.3% of GDP per year and up to 0.6% cumulatively through 2028. It should be noted that the related spending is counted in the primary balance and in public debt.

The option provided aims to cover measures that strengthen the resilience of the European energy system and speed up the transition away from fossil fuels.

The main projects planned to be included under this framework are:

  • A new €200 million subsidy program for batteries for renewable energy sources.
  • A new €200 million nationwide program for heat pumps and

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