Energy Ministry to update sector officials on key reforms

The Environment and Energy Ministry will host a meeting today to update sector officials on bailout-related developments concerning the power “disruption management” plan, the country’s new CAT mechanism, as well as a Variable Cost Recovery Mechanism, locally acroymed MAMK.

The power “disruption management” plan will enable energy cost savings for major-scale industry in exchange for shifting energy usage to off-peak hours whenever required by IPTO, the power grid operator. The Variable Cost Recovery Mechanism, to help cover power station start-up costs, is expected to burden the renewable energy source (RES) sector.

Officials representing RAE, the Regulatory Authority for Energy, IPTO, the power grid operator, LAGIE, the Electricity Marker Operator, PPC, the main power utility, PPC Renewables, SEV, the Hellenic Association of Industrialists, EVIKEN, the Association of Industrial Energy Consumers, ESIAPE, the Greek Association of Renewable Energy Source Electricity Producers, HAIPP, the Hellenic Association of Independent Power Producers, ELETAEN, the Greek Wind Energy Association, HELAPCO, the Hellenic Association of Photovoltaic Companies, SPEF, the Hellenic Association of Photovoltaic Energy Producers, as well as other associations, will attend the meeting.