RES special account forecast revised for end-of-year surplus

Despite registering a deficit for the year’s first three months, a trend to be sustained until November, the RES special account will step into surplus territory in December, posting a 4.24 million-euro surplus, LAGIE, the Electricity Market Operator, forecast in its latest report.

As for the account’s present state, its deficit fell to 18.05 million euros in March, down from 50.69 million euros registered in February, and 101.31 million euros in January.

LAGIE, in its latest report, noted the RES special account’s positive course will continue into 2016 for at least the first quarter, but conditions will change midway through that year. The operator forecast a 3.55 million-euro deficit for July, 2016, which will gradually widen to end the year at a level of 29.17 million euros.

The operator forecast a favorable outlook for 2017, predicting the RES special account’s deficit will be restricted to 620,000 euros in January, before surplus figures of 31.98 million euros and 31.78 million euros are posted in February and March, respectively.

The LAGIE report noted installed RES facility capacity remained unchanged at 5,080 MW last March, throughout Greece.

Wind energy capacity totalled 1,980 MW; photovoltaic capacity was 2,228 MW;  roof-mounted photovoltaics was 375 MW; small-scale hydropower station capacity stood at 220 MW; biomass-biogas capacity amounted to 47 MW; and combined heat and power (CHP) production was 230 MW.

However, electricity production level changes were observed. Wind-energy facility production fell to 380 GWh from 438 GWh; photovoltaic production increased to 234 GWh from 176 GWh; roof-mounted photovoltaic production rose to 23 GWh from 21 GWh; small-scale hydropower production increased to 102 GWh from 77 GWh; biomass-biogas unit production rose to 19 GWh from 17 GWh; and combined heat and power (CHP) production increased to 120 GWh from 108 GWh.