The energy ministry will proceed with a legislative revision reducing the percentage of CO2 emission auction right revenues channeled into the RES special account, remunerating green energy producers, from 60 percent to 50 percent as a means of securing subsidies for sharply increased electricity bills, sources have informed. Two related ministerial decisions will also be needed.
Just a month earlier, the government had ratified an amendment increasing the percentage of CO2 emission auction revenues for the RES special account to at least 60 percent.
The latest amendment, intended to support consumers through the energy crisis, may be submitted to Parliament for ratification this Thursday, as an attachment to a draft bill concerning energy efficiency.
As a result of this latest revision redistributing CO2 emission auction revenue, a percentage of between 30 and 40 percent will be channeled into the Energy Transition Fund being established by the government for energy crisis measures to support consumers.
The government has increased the amount to be injected into the Energy Transition Fund for electricity bill subsidies to 400 million euros, from a previous estimate of 150 million euros, as a result of the persisting electricity price surge in the market.