A legislative revision detailing the procedure through which RES producers with feed-in premiums will return to the RES special account excess remuneration resulting from higher wholesale electricity market prices has just been ratified by Greek Parliament.

Over the past few months, many RES units have been generating excessive revenues as the sharp rise in wholesale prices has lifted the market clearing price well over the market’s reference price.

The RES special account stands to receive 4.384 million euros in returns from RES producers with feed-in premiums up to July, while the monthly returns from July onwards are far greater as a result of skyrocketing wholesale electricity prices since that period, according to a latest report released by DAPEEP, the RES market operator.

This trend will continue until the end of the year as the market clearing price is forecast to average 135 euros per MWh in the fourth quarter, according to the DAPEEP report.