AADE

Most older bids for RES certificates reconfirmed

Posted on by admin

RES project investors seeking producer certificates through applications submitted between September, 2018 and December, 2019 have turned up in big numbers to update and reconfirm their investment plans since the recent establishment of  new electronic platform established for this purpose, Dionyssis Papachristou, the PR head at RAE, the Regulatory Authority for Energy, has told a virtual conference titled “Overcoming the Pandemic”.

A total of 1,415 of 1,500 original applications have been updated and confirmed by investors, the RAE official specified.

A major joint effort needed to be made by RAE with AADE, the Independent Authority for Public Revenue, and GSIS, the General Secteratriat for Information Systems, for the establishment of the online platform enabling updates of RES investment plan applications, the official pointed out.

A separate platform co-developed with Cosmo One for updates and reconfirmation of even older RES investment plans submitted until June, 2018 drew over 300 applications, Papachristou noted.

Overall, a large number of RES project applications are being submitted as a result of heightened investment interest, meaning that an explosion in the number of RES installations and project connections with networks should be anticipated over the next two to three years, the official said.

Tender launched for fuel smuggling and adulteration solutions

Posted on by admin

AADE, the Independent Authority for Public Revenue, has announced a tender for systems intended to combat fuel smuggling and adulteration in the heating and shipping fuel sectors.

The authority’s decision comes as the latest step in the Greek State’s slow-moving effort to resolve these issues.

Winning bidders will take on contracts for the introduction of fuel smuggling and adulteration detection systems. The technology in this field has advanced, AADE noted in its announcement.

Interested parties can submit their queries to elmarker@aade.gr by July 31 ahead of an October 1 deadline for applications. The country’s General Chemical State Laboratory is scheduled to deliver a finalized report of tracing systems submitted by March 2, 2020.

 

 

Further delays in full implementation of fuel smuggling measures

Posted on by admin

Measures designed to clamp down on illicit fuel trade will require an additional three-year period to be fully implemented, the heads of a fuel traders association were told at a meeting yesterday with Giorgos Pitsilis, the head official at AADE, the Independent Authority for Public Revenue, a finance ministry division.

The measures, intended to prevent fuel smuggling activity said to be worth as much as 250 million euros annually, were originally presented in 2009, meaning their full implementation by December 31, 2021, as traders were told, will have required 12 years to achieve, if achieved.

The plan includes a cash inflow-outflow tracking system for petrol stations and the installation of GPS systems on fuel trucks to monitor their movements.

Petrol stations installed the required technology for cash inflow-outflow monitoring between 2014 and 2016 but AADE has not fully utilized incoming data. The authority has limited its activity to random checks.

Complicating matters even more, AADE intends to commission a firm for inflow-outflow tracking system inspections in autumn, as part of a re-certification process. Any systems found to not meet required standards will need to be reinstalled, according to this plan.

This could cause additional confusion and unrest as petrol station owners and fuel companies spent over 100 million euros between 2014 and 2016 to have cash inflow-outflow monitoring systems installed.