The energy ministry appears close to reaching final decisions on the price-setting formula and price levels for electricity generated by hybrid power plants.

RAE (Regulatory Authority for Energy) official Dionysis Papahristou, speaking yesterday at a conference held by the authority, said RAE’s proposal, accompanied by a specialized study, has completed and delivered to energy minister Giorgos Stathakis.

Hybrid power plants often contain a renewable energy component that is balanced via a second form of generation or storage such as a diesel genset, fuel cell or battery storage system.

The demand curve concerning the independent electricity system as well as existing levels of RES unit penetration are key factors influencing prices of hybrid station output, the RAE study showed, Papahristou noted at the conference.