Supreme Court avoids ruling on new-deal RES tariff reduction

The Council of State, Greece’s Supreme Administrative Court, has decided, following a three-year procedure, it does not have jurisdiction to rule on a case filed by RES investors in reaction to a significant reduction of their contracted tariffs for solar energy production at existing units, prompted by a so-called new deal in March, 2014, energypress sources have informed.

The court’s decision has not yet been officially announced.

By taking a step back on the tariff-reduction matter, the court will also avoid ruling on the constitutionality of the new deal and its compatibility with European law.

Though the court decision does not vindicate the RES investors, it leaves open the possibility of compensation claims against the State, an option that will be exercised by at least some of the investors who offered comments to energypress.