RAE commissions detailed RES special account study until 2030

After commissioning a specialized consultant to conduct a financial study on the RES special account for the two-year period covering 2021 and 2022, RAE, the Regulatory Authority for Energy, has taken a step further and commissioned the same consultant for a more detailed and longer-term study depicting projections until 2030, energypress sources have informed.

The new study will presumably take into account new data and conditions resulting from latest measures announced last week by energy minister Costis Hatzidakis to counter the RES special account’s deficit. Legislation of these new measures is expected imminently.

The newly launched target model’s impact on RES special account cash inflow will represent a crucial part of the follow-up study. So, too, will projections on the number of new RES projects, and their total capacity, to be inducted into target model markets without fixed tariffs for output.

Market officials believe the ministry’s new RES special account measures will not fully resolve its deficit issues. The conclusions of the new 10-year study commissioned by RAE are expected to play an important role in the shaping of prospective RES market decisions.