The environment and energy ministry is planning to make a series of proposals that will seek to offer comprehensive and sustainable solutions as well as complement existing plans for Greece’s renewable energy sources (RES) support plan, whose mechanism revisions are a bailout-related requirement.
A formula needs to be found to make RES investment activity attractive without creating RES special account deficits or overburdening consumers with surcharges.
A draft of the new RES support plan has been forwarded by Greek officials to the European Commission, while local public consultation procedures have also been launched. If all goes according to plan, Greece’s new RES plan, hoped to generate RES-sector growth in the years to come, could be submitted to Greek Parliament for ratification in June.
According to energypress sources, the energy ministry’s proposals will be in line with EU guidelines. These will include a restructuring of the RES special account overseen by LAGIE, the Electricity Market Operator, both in terms of revenue sources and deficit coverage. Maintenance of a balanced RES special account stands as a bailout agreement requirement that is being closely monitored by the country’s lenders. A proposal for an adjustment on how the RES-supporting ETMEAR surcharge is distributed to electricity bills will also be made. The European Commission’s Directorate General for Competition is closely following this issue.