Vertically integrated electricity producers will be permitted to sell up to 20 percent of production through mutual agreements once the target model is launched, RAE, the Regulatory Authority for Energy, has decided, ultimately doubling a 10 percent limited proposed by the Greek stock exchange, energypress sources have informed.
RAE reached its decision to set the limit at 20 percent after considering arguments presented by producers and sector authorities during consultation.
The limit takes into effect power utility PPC, dominating the retail market, as well as all integrated producers with retail market shares of more than 4 percent – namely, as things stand, Protergia, Heron and Elpedison, all with over 4 percent for quite some time now.
This decision by RAE is one of the last pending issues concerning energy exchange markets, recently rescheduled to begin operating on September 17, if all goes according to plan from here on.
ESAI/HAIPP, the Hellenic Association of Independent Power Producers, had proposed a limit of between 5 and 10 percent for PPC’s mutual agreements and forward contracts, and proportional limits for vertically integrated electricity producers with market shares of more than 4 percent.
PPC, which, from the outset, pushed for a 20 percent limit, based its argument on a study by global energy consulting company ECCO International, according to which the sale limit on output should range between 10 and 20 percent.