DEPA Commercial, one of gas utility DEPA’s new entities established as part of its privatization, has applied for a 500-MW electricity supply license, RAE, the Regulatory Authority for Energy, has announced.

This move by DEPA Commercial comes as part of the utility’s restructuring and transformation effort, sources said.

An electricity supply license promises to broaden DEPA Commercial’s portfolio, regardless of whether it will actually be used or not. In essence, the company, through this initiative, is making the most of tools available in the market, sources have concluded.

DEPA Commercial owns Fysiko Aerio – Hellenic Energy Company (EPA Attiki), a subsidiary already active in Greece’s electricity market. DEPA Commercial, however, could use its own electricity supply license for PPAs.