The energy ministry intends to seek EU recovery fund support for the RES special account, whose financial state is currently strained, as indicated by monthly reports and sustainability projections.

The RES special account deficit is seen reaching 224 million euros by the end of the year, DAPEEP, the RES market operator has projected.

This deficit forecast highlights the negative impact of the pandemic-related economic crisis on the account, the energy ministry’s secretary-general Alexandra Sdoukou stressed.

The RES special account issue is a top priority at the energy ministry, currently examining structural changes to ensure the account’s sustainability, the official noted.

The establishment of a special market for green certificate trading is being considered as one possible structural change, according to Sdoukou.

RAE, the Regulatory Authority for Energy, and DAPEEP have commissioned two separate studies for structural change proposals. They will serve as a base for RES special account revisions, Sdoukou said.

“We will take related initiatives in the coming months,” the official noted.