Greece: Urban Citizens Struggle to Pay Heating Bills

On 15 October 2012, Greece increased the tax on heating oil - drastically: Instead of EUR 0.90 to 1.05, consumers now have to pay around EUR 1.30 to 1.40 per litre. Heating one’s home has become a challenge for many people, who switch to wood as an alternative fuel. The only good thing about the entire situation: The high oil price may encourage customers to invest in solar thermal systems as well. The most recent international study ISOL Navigator published in December 2012 shows both a currently very positive business index and a 5.6 % growth in the newly installed collector area within the country. Still, the future does not look very bright indeed, as the economic situation is rather uncertain. For the first time, December’s Forecast Business ISOL Index has been below the Current Business Index, which points to a downward trend in the market this year.
Photo: Urs Flükiger / pixelio.de