Greek-Turkish grid link maintenance reset prompts traders’ reaction

Traders who have secured year-long physical transmission rights (PTRs) through the Greek-Turkish grid interconnection stand to lose over 150 euros per MWh, according to the European Federation of Energy Traders (EFET), as a result of a change in the annual maintenance schedule for the link made by the operators of the two countries, subjecting traders to unanticipated higher wholesale electricity market prices in both markets at present.

Greek power grid operator IPTO and its Turkish counterpart, TEIAS, have reset this year’s annual maintenance period for the grid link to November 8-14, instead of the initial, and customary, September 13 to 19 period.

EFET has underlined that holders of PTRs will be compensated based on the initial marginal price of the annual auction, 15.38 euros per MWh.

EFET has forwarded a letter to IPTO, TEIAS and other related bodies calling for a further  deferral of November’s planned maintenance work at the the Greek-Turkish grid interconnection until early next year, so that traders making annual PTR offers can take into account the maintenance period.