The long-anticipated bill introducing a cap on prices for water and other products in non-competitive spaces will likely head to a parliamentary vote this Thursday, following what is expected to be the final discussion in the Parliamentary Trade Committee. Energy Minister Giorgos Papanastasiou will attend the session to ensure deliberations conclude, allowing the bill to pass before the end of 2024. The proposal has faced criticism regarding its scope and the methods for imposing the price cap.

According to government plans, the price cap is to apply to all locations mentioned in the bill, including airports, ports, stadiums, beaches, archaeological sites, museums, cinemas, theaters, theme parks, and hospitals, without exceptions.

Previously, some argued for exemptions for cinemas and airports, citing the installation of water dispensers offering free water. However, the latest updates indicate that no exemptions will be granted under the proposed legislation.

If the bill is passed, the Minister of Energy plans to issue a relevant decree promptly. This decree will empower the current and future ministers to impose price caps, starting with water. While the cap may also extend to other products, the pricing structure will consider factors like operational costs at each location.

The cap may vary depending on the volume of water sold, meaning specific packaging sizes could be exempt from the cap. For businesses, compliance with the decree will require selling water at the maximum price defined for their operational setting. However, businesses will have the autonomy to choose the water brand to which the cap applies.