The government is urgently looking for solutions that would offer incentive for power purchase agreements (PPAs) between renewable energy producers and industrial enterprises, the objective being to ease the energy-cost burden on industries, facing, within the first half of 2023, expiring energy supply agreements that were established with power utility PPC prior to the energy crisis at prices well below current levels.

Government officials are working on the issue with increased urgency following energy minister Kostas Skrekas’ participation at a meeting held by SEV, the Hellenic Association of Industrialists.

SEV members, at the meeting, pressed for an energy supply solution offering competitive prices as protection against the threat of industrial unit closures, already occurring in central Europe.

Industrial enterprises in Greece are currently under enormous pressure as a result of elevated energy costs. PPC has already made clear it cannot continue to offer industrial firms new supply agreements at favorable prices, as has been the case over recent decades.

PPAs with RES producers appear to be the only solution for industrial enterprises as such agreements would secure competitively priced energy over extended periods.