The country’s three EPA gas supply companies covering the markets of wider Athens, Thessaloniki and Thessalia have reacted negatively to a WACC (Weighted Average Cost of Capital) figure of 9.23 percent and the level of network usage fees, both determined by RAE, the Regulatory Authority for Energy.

Officials representing EPA Athens told energypress that the 9.23 percent WACC figure is unsatisfactory as older major network development investments have yet to be amortized.

The reaction was slightly more positive at EPA Thessaloniki and Thessalia, where highly-ranked officials described RAE’s WACC figure as low while offering potential for significant expansion in the years to come.

The EPA companies are currently putting together their respective business plans to map their future courses.

EPA Thessaloniki and Thessalia noted the main objective of their business plans will be to expand networks, connections and sales levels, whereas EPA Athens will focus on increasing the number of connections at the existing network covering the capital’s wider area.

As of January 1, 2017, distribution and commercial activities in Greece’s natural gas sector will be divided in an effort to generate competition.