Ministry seeking to meet relief requests made by suppliers

The energy ministry is looking to satisfy, wherever possible, electricity supplier demands facilitating operations and will seek to establish the biggest possible liquidity protection mechanism, given the market’s extraordinary conditions, deputy energy minister Gerassimos Thomas has made clear during a virtual conference with sector officials.

Measures set for implementation include making electricity supplier employees eligible for an 800-euro allowance, for 45 days, offered to workers whose work contracts have been temporarily suspended.

Also, electricity supplier outlets will receive financial support through a wider support package.

In addition, the ministry is preparing to reduce the level of guarantees suppliers must provide to distribution network operator DEDDIE/HEDNO in order to access the non-interconnected islands. This cost will be reduced by 30 percent for the six-month period running from April to September.

The ministry is also pushing for the swifter delivery of a ministerial decision enabling electricity suppliers and operators to offset amounts owed to each other.