A package of energy ministry measures aiming to counter the RES special account deficit will be submitted to Parliament unchanged, as presented by energy minister Costis Hatzidakis ten days ago, despite a reaction from market players, energypress sources have informed.
These measures will be attached – at a latter date, possibly next week – to a draft bill concerning renewable energy spatial matters, which could be submitted to Parliament today. This is the swiftest available legislation route for the ministry’s RES account measures.
The energy ministry regards the RES special account measures as a balanced package and does not appear willing to consider revisions, as requested by market players, some of whom want structural changes, including for payment deadlines.
It remains to be seen if any revisions will be made once the package has been submitted to Parliament.
The measures, worth an average annual amount of 350 million euros, have caused unrest in the sector, including among RES producers, to be subject to an extraordinary 6 percent tax on revenues for 2020.
The ministry believes RES producers must contribute to the solution, calling for help from across the board.
The overall market reaction against the measures is expected to regain momentum as of next week but the ministry sees its actions as a necessary remedy for the RES special account deficit. Otherwise, the influx of many new RES units anticipated within the next few years would exacerbate the account’s deficit, ministry officials fear.