Government officials are confident the administration’s two-pronged intervention plan for the wholesale and retail electricity markets will soon be approved by the European Commission, enabling implementation as of July 1, despite some reservations expressed over the past few days, government sources involved in the process have told energypress.

Athens’ plan was forwarded to the European Commission’s Directorate-General for Energy and Directorate-General for Competition last Friday, following consultation on technical details between Greek government officials and Brussels.

Details of the Greek proposal are expected to be discussed over the next few days through a teleconference meeting involving technocrats , sourced noted.

Energy minister Kostas Skrekas could also hold talks this week with the head officials of the Directorate-General for Energy and Directorate-General for Competition, to elevate the effort to a political level. A written response to the Greek plan from these Brussels bodies is believed to be imminent.

The Greek government is confident its energy-crisis plan will be approved by Brussels for two reasons. Firstly, Athens’ decision to eliminate, through a related tax, windfall profits earned by electricity producers during the energy crisis is one of the tools proposed by Brussels. Secondly, the Greek plan is not expected to affect transboundary trade as import-export prices will continue to be shaped by wholesale market forces.