A model for green-energy power purchase agreements (PPAs) will be preannounced to the European Commission by the end of next week in an effort for a swift approval, energy minister Kostas Skrekas told a news conference yesterday, held for an update on measures being prepared to lessen the burden of increased energy costs for consumers.

The minister offered an update on the green PPA plan when asked about government measures that could protect large enterprises against increased energy costs.

The energy ministry sees the green PPAs as a cost-reduction tool for industrial energy as industrial consumers will be able to cover a significant percentage of their energy needs using RES-based electricity, a lower-cost option. The effort is expected to be based on a Green Pool model.