Brussels adamant on allowing NOME electricity exports

The European Commission appears determined to prevent an effort by RAE, the Regulatory Authority for Energy, intended to block exports of electricity amounts purchased by local suppliers at NOME auctions.

European Commission officials have reacted to a RAE move intended to prevent certain firms from exporting portions of electricity amounts purchased at the NOME auctions, sources in Brussels have informed.

The same sources added that this initial response by the European Commission will soon be formalized to forbid any restrictive measures on NOME-related electricity exports as these amounts represent just a small fraction of the country’s total amount of electricity production.

Certain independent electricity suppliers operating in Greece have been exporting electricity amounts acquired at the NOME auctions, data collected for a NOME impact report has shown.

The practice is perfectly legitimate. When the NOME auctions were introduced last October to offer third parties access to PPC’s low-cost lignite and hydrocarbon sources the country’s lenders pressured for the avoidance of any export restriction measures on suppliers.

Greek officials have insisted that the auctions were implemented to help liberalize the country’s retail electricity market and not to promote profits for exporters. RAE has now adopted a similar argument.

However, Brussels appears set to ensure free trade as long as supply security issues do not exist. It is believed that the European Commission would accept restrictions in such a case.