A final proposal by RAE, the Regulatory Authority for Energy, for the country’s restructured Capacity Assurance Mechanism is expected to be presented and forwarded for public consultation by the end of the month.

Speaking yesterday at the “Energy & Development” conference, a two-day event organized by IENE, the Institute of Energy for South-East Europe, RAE president Nikos Vasilakos said the regulator’s proposal would be delivered over the next few days.

According to Vasilakos, RAE’s proposal will contain a reduction of at least 20 to 30 percent of the Capacity Assurance Mechanism’s current cost for the national system. It will also integrate hydropower plants, while, furthermore, both capacity and price of existing Capacity Availability Tickets (CATs) will be drastically reduced, by over 50 percent, regardless of technology, according to the RAE head.

The new Capacity Assurance Mechanism is expected to replace existing Capacity Availability Tickets (CATs), offered to electricity producers as payment for every available megawatt, currently priced at 45,000 euro per MW for one year, regardless of the production unit’s type and capacity.