Local authorities are striving for imminent approval, by the European Commission, of the Green Pool, intended to contain price levels of prospective green-energy power purchase agreements (PPAs) established between industrial producers and energy producers, so that it may be implemented early in 2024.

Negotiations between Greece’s energy ministry and the European Commission’s Directorate-General for Competition, launched roughly a year ago, have now entered a third round of talks.

It began early this year and is now taking place as talks between local industrial players and RES producers for the country’s first ever PPAs have ripened.

The process continued this month with a Greek response to a new set of questions forwarded by Brussels.

A recent exemption of bilateral contracts from wholesale market caps has paved the way for the establishment of PPAs.

Authorities are striving for Brussels’ imminent approval of the Green Pool so that it may be implemented early in 2024, a year during which the pool is expected to be eased into the system as a pilot program before green-energy quantities supplied to industrial energy users become considerably bigger.