A Green Pool model forwarded by the energy ministry for European Commission approval ahead of an envisaged launch at the beginning of 2023 will have the dual goal of setting energy costs for eligible industries at competitive price levels and bolstering green-energy generation through power purchase agreements.

The energy ministry hopes its plans will be given the green light as soon as possible so that industries can, immediately afterwards, establish PPAs for green energy, with state subsidies set at 85 percent.

This would enable industries to partially cover their energy needs as of the beginning of 2023 at competitive prices and also reduce their carbon footprints.

The Greek proposal was forwarded to the European Commission’s Directorate-General for Competition early this month, the aim being to make energy-intensive industries more environmentally friendly and facilitate the energy-mix entry of new RES facilities.