Skip to content

  • Home
  • bookmark
  • Oil
  • Gas
  • Electricity
  • Renewables
  • Economy
  • Politics
επικοινωνία
ακολουθήστε τη ροή επικαιρότητας
στείλτε μας e-mail
ακολουθήστε μας στο facebook
ακολουθήστε μας στο twitter
Contact
RSS Feed
Send us email
Follow us at facebook
Follow us at twitter
Renewables
15/02/2019
Tweet
Related Stories
Support system on way for hybrid RES stations on non-interconnected islands
PM: ‘Greece aiming to become energy exporter, energy security provider’
Electricity demand down for sixth successive month

Payment delay period for RES production longer since summer

Renewable energy producers are facing gradually increasing payment delays for their output, an unsettling development for many investors as they are depending on these payments to complete installations of new RES facilities, facing tight deadlines.

A number of factors have been cited for the growing payment delay, including a reduction, last April, of a RES-supporting surcharge contribution by suppliers, its abolishment as of 2019, and, possibly, smaller transfers by the main power utility PPC of a RES-supporting ETMEAR surcharge collected from consumers through power bills.

Payment delay periods were improving but stopped shrinking in the summer and have since gradually grown longer, adding an additional two weeks to the waiting period for producers, sources have informed.

This development has unsettled RES producers and prompted fears of bigger payment delays ahead. Electricity suppliers are imminently expecting RES special account returns, plus interest, from the account’s surplus achieved in 2018, not including a 70 million-euro reserve required by law as a safety net for the RES special account.

RES officials have called for an energy ministry decision that would stop the return of the RES special account surplus for 2018 to electricity suppliers. Instead, the RES officials want the surplus to be used to bolster the RES special account’s reserve. Energy minister Giorgos Stathakis has not ruled out such a development, sources informed.

 

Tweet
The editing team | Contact us
© 2014 ENERGYPRESS. All rights reserved.
Designed by CITRONIO | Developed by StinPriza Collective