The energy ministry has requested RES market operator DAPEEP to provide substantiated data concerning the impact of the energy market’s emergency measures on the RES special account, overseen by the operator, energypress sources have informed.
The energy ministry made this request as it wants to calculate, with precision, the financial impact on the RES special account if one of the emergency measures, a wholesale electricity market price cap, limiting the account’s cash inflow, is extended until the end of the year.
According to current legislation, the energy market’s emergency measures, including the wholesale electricity market price cap, are scheduled to end on October 1, but latest developments suggest these could be extended until the end of December.
Market officials estimate that the wholesale electricity market price cap is depriving the RES special account of approximately 30 million euros per month.
RAAEY, the Regulatory Authority for Waste, Energy and Water, has also requested an official assessment of the RES special account’s course, based on latest data, from DAPEEP, energypress sources noted.
A most recent DAPEEP report, for the year’s first quarter, forecast a deficit of 222.22 million euros at the end of 2023 for the RES special account’s sub-account of old projects and a surplus of 114.38 million euros for a sub-account of new projects.