The RES special account, facing a prospective deficit of 32.67 million euros – or 102.67 million euros, if a mandatory 70 million-euro safety amount is included – by the end of 2020, according to a projection made by RES market operator DAPEEP, is set to be given a revenue boost.
This financial support will be primarily provided through an increase in the percentage of CO2 emission right auction revenues allotted to the RES special account.
A decision is expected within the next few days, according to related comments made last Friday by energy minister Costis Hatzidakis and the ministry’s secretary-general Alexandra Sdoukou.
The percentage of CO2 emission right auction revenues to be injected into the RES special account will increase to 72 percent from the present level of 65 percent, according to energypress sources.
The prospect of RES special account deficit figures has alarmed renewable energy producers, who, fearing payment delays, have already warned authorities.
The energy ministry recently decided to reduce a RES-supporting ETMEAR surcharge included in electricity bills. It represents the main source of revenue for the RES special account.