EnexGroup chief executive awarded HAEE prize

The Hellenic Association for Energy Economics (HAEE) on its 6th Annual Forum, accorded its annual award to Professor George Ioannou, the CEO of EnexGroup for his “long-standing contribution in the establishment of the backbone of the Greek Energy Market and the Energy Exchange Group”.

Professor George Ioannou thanked the HAEE and the President of the HAEE Dr. Spiros Papaefthimiou and stressed the importance of the award for EnExgroup and its staff, which successfully performed the necessary market transformations for the preparedness and operation of the Greek power market, under the new European model, and which accomplished, many milestones, since the beginning of the operation of its three main energy markets.

 

 

 

PPC to seek financing through SPVs securitizing receivables

The main power utility PPC is expected to turn to funds for financing with the securitization of unpaid receivables worth 1.5 billion euros serving as security. The power utility anticipates it will borrow roughly 400 million euros through the procedure.

PPC’s chief executive Manolis Panagiotakis outlined the power utility’s borrowing plan on the sidelines of an annual conference held by HAEE, the Hellenic Association for Energy Economics.

The plan, according to Panagiotakis, will include the establishment of two PPC-owned special purpose vehicles representing unpaid receivables of two categories, one pending payments that have been delayed by between 60 and 89 days, the other by more than 90 days.

The SPV carrying unpaid receivables of between 60 and 89 days is expected to be more appealing for funds as it entails less risk.

Amounts to be attached to coupons and loan durations are currently being discussed, sources informed.

The two SPVs are expected to be ready within the summer, according to Panagiotakis. PPC officials are currently preparing a virtual data room for prospective investors as well as technical and financial appraisals of unpaid receivables to be securitized.

The influx of a 400 million-euro amount anticipated from this effort is expected to offer the power utility significant cash-flow relief.

Unpaid receivables concerning low-voltage household and business consumers are expected to be targeted.

 

Protergia decision to develop 650 MW gas-fueled power station explained

A decision by Protergia, a member of the Mytilineos corporate group, to develop a 650 MW natural gas-fueled power station is primarily based on long-term trends projected for the domestic energy market over the next 10 to 15 years, Dinos Benroubi, the energy division head at the Mytilineos group, informed participants at a conference staged by HAEE, the Hellenic Association for Energy Economics.

“We have made certain decisions and will push ahead with a new 650 MW gas-fueled power station,” Benroubi remarked.

Electricity demand is expected to significantly increase beyond 2025, while the European trend is headed towards decarbonization and a turn to renewable energy, according to projections made by IPTO, Greece’s power grid operator, the official explained.

By 2022, when the new Protergia gas-fueled power station is expected to begin operating, thermal units totaling 1,060 MW are expected to be added to the system while between 1,600 and 1,900 MW will be withdrawn by 2025, Benroubi noted.

He explained that, based on IPTO forecasts, a capacity sufficiency issue will emerge as of 2022.

“Acting together, we will all resolve this issue for the years 2020 and 2021 but, from then on, thermal output will be needed, it has become apparent,” Benroubi remarked.

According to Eurelectric, the sector association representing the common interests of the electricity industry at a European level, 1 MW of thermal capacity is needed for every 1 MW of wind energy capacity, the Mytilineos group’s energy head told.

Thermal output currently suffices to cover present RES levels, Benroubi explained, while questioning whether reduced thermal output will be enough to cover increased RES levels in 2025.

The corporation has estimated that, in 2025, a lignite-fired power station would generate electricity at a cost of 105 euros per MWh and a natural gas-fueled unit would produce at a cost of 67 euros per MWh, the official pointed out.

The development of a new natural gas-fueled unit is needed both in terms of grid needs and sustainability.

HAEE event to focus on European, global energy transition

HAEE, the Hellenic Association for Energy Economics, has scheduled its 3rd annual conference, entitled “Energy Transition: European and Global Perspectives” for May 3 to 5, 2018, at the Wyndham Grand Athens Hotel.

Many key speakers will take part in the conference, aiming to serve as an international forum for the exchange of ideas, research results, and experiences among experts and professionals engaged in academic, business, government, national and international organizations, working in all areas related to energy, environment and economy.

Some suggested topics for discussion: Energy revolutions of the 21st century; How can countries prepare for the new era of global energy transition; challenges, investment opportunities and technological innovations in the energy sector; policies and measures towards a Europe Energy Roadmap to 2050; global and EU climate policy and emission trading schemes; mitigation and adaptation measures for global and regional environmental challenges; regional geopolitical uncertainty and challenges in gas supply and transportation; will alternative fuels (such as CNG, LNG, hydrogen, etc.) help swift from the traditional hydrocarbon fuels in the transportation sector; LNG and shale gas: security of supply and potential market developments; industrial sector: challenges for the transition to a low-carbon economy; geopolitics of energy; regional energy supply and security; energy related smart grids and their efficient management; energy storage: the next big revolution; smart energy and environmental sensing; smart meters and technologically advanced electricity grid options; smart cities and their role in emerging energy technologies and consumers’ behavior; energy efficiency in buildings: EU and regional approaches; renewables’ penetration in the electricity mix; green transportation: how will environmental compliance lead to increased costs; ports and airports as energy hubs and prosumers; electric vehicles and the future of green transportation; behavioral energy economics; and environmental laws and barriers for their enforcement.

Concurrent sessions will be organized based on the accepted abstracts. Submitted abstracts should be no more than two pages in length, comprising i. overview, ii.  methodological approach, iii. results, iv.  discussion and conclusions.

Participants include Maros Sefcovic, the European Commission vice president responsible for Energy Union; David Knapp, IAEE president elect 2017; Fatih Birol, Director General, IEA; Dominique Ristori, Head of DG Energy, European Commission, Giorgos Stathakis, Greece’s environment and energy minister; Socratis Fammelos, Greece’s deputy energy and environment minister; Sotiris Kalorigou, Editor-in-Chief, Renewable Energy Journal &  Professor, Cyprus University of Technology; Yannis Basias, Chairman & CEO, Hellenic Hydrocarbon Resources Management; Giannis Grigoriou, General Director of Research & Production of Hydrocarbons, HELPE; Pantelis Kapros, National Technical University of Athens; and Kostas Skrekas, MEP, Greece’s New Democracy Party, Head of Energy, Environment & Climate Change Sector and former Greek minister of development and competitiveness.

The deadline for abstract submissions is January 15, 2018.

For more conference information, visit www.haee.gr/may2018

Conference Secretariat: E-mail: haee2018@haee.gr

HAEE event to focus on European, global energy transition views

HAEE, the Hellenic Association for Energy Economics, has scheduled its 3rd annual conference, entitled “Energy Transition: European and Global Perspectives” for May 3 to 5, 2018, at the Wyndham Grand Athens Hotel.

The conference aims at providing an international forum for the exchange of ideas, research results, and experiences among experts and professionals engaged in academic, business, government, national and international organizations, working in all areas related to energy, environment and economy.

Some suggested topics for discussion: Energy revolutions of the 21st century; How can countries prepare for the new era of global energy transition; challenges, investment opportunities and technological innovations in the energy sector; policies and measures towards a Europe Energy Roadmap to 2050; global and EU climate policy and emission trading schemes; mitigation and adaptation measures for global and regional environmental challenges; regional geopolitical uncertainty and challenges in gas supply and transportation; will alternative fuels (such as CNG, LNG, hydrogen, etc.) help swift from the traditional hydrocarbon fuels in the transportation sector?; LNG and shale gas: security of supply and potential market developments; industrial sector: challenges for the transition to a low-carbon economy; geopolitics of energy; regional energy supply and security; energy related smart grids and their efficient management; energy storage: the next big revolution; smart energy and environmental sensing; smart meters and technologically advanced electricity grid options; smart cities and their role to emerging energy technologies and consumers’ behavior; energy efficiency in buildings: EU and regional approaches

Renewables’ penetration in the electricity mix; green transportation: how will environmental compliance lead to increased costs; ports and airports as energy hubs and prosumers; electric vehicles and the future of green transportation; behavioral energy economics; environmental laws and barriers for their enforcement.

Concurrent sessions will be organized based on the accepted abstracts. Submitted abstracts should be no more than two pages in length, comprising i. overview, ii.  methodological approach, iii. results, iv.  discussion and conclusions.

The deadline for abstract submissions is January 15, 2018.

For more conference information, visit www.haee.gr/may2018

Conference Secretariat: E-mail: haee2018@haee.gr

Greek, Cypriot natural gas futures the focus of Brussels forum

The future of natural in Greece and Cyprus in the context of geopolitical developments and the regulatory and economic policies of their governments, with emphasis on free energy market behavior, is the theme of an upcoming forum organized by the Greek think tank for Energy Economics (HAEE) , entitled “HAEE Brussels Gas Forum” and scheduled to take place October 19 (17:00) at European Parliament’s Room Loyola de Palazio in Brussels.

The aim of the forum is to exchange views and formulate specific projects to be proposed to the Commissioner of Energy of the European Union, MEPs in the Energy Committee of the European Parliament and to the governments of Athens and Nicosia.

The objective is to make more effective community regulations more effective in the rapidly evolving  energy  market environment of Greece and Cyprus, both in terms of alliances in regional and international formations, as well as in internal economic and political choices.

In order to  reach  this  goal, HAEE,  which  is  the  Greek  branch  of  the  US -based international think tank IAEE, and constitutes a bridge of reflection and cooperation at a theoretical and practical level between the Greek and foreign energy institutions, uses some of the leading institutions of the energy world.

These include the United Nations’ body, World Energy Council, the  international  French  Grand  Ecole  Business School, ESCP  Europe, with  postgraduate  courses  and  campuses  in  London,  Paris, Madrid,  Berlin,  Torino  and  Warsaw,  the Research  Centre  for  Energy Management (RCEM)  headed  by  the  President  of  HAEE,  Professor  Kostas Andriosopoulos, and the Aristotle University of Thessaloniki.The main contributions will be made by the Commissioner of Energy of the European Commission Miguel Arias Canete; President of Cypriot centrist party DIKO and Presidential candidate Nikos Papadopoulos; and MEP and representative of Greece’s conservative New Democracy party Maria  Spyraki.

Also, a report titled “The excise duty on Natural Gas when used as Feedstock” will be presented at the forum.

Moderators of the discussions will be Dr. Kostas Andriosopoulos, and Dr. Theodoros Tsakiris. Entrance to the event is free, but with limited availability.

HAEE, local energy economics association, staging Brussels gas forum

The Hellenic Association for Energy Economics (HAEE) is organizing an event titled “HAEE Brussels Gas Forum” in Brussels on October 19, its aim being to provide a platform for the exchange of ideas, research results and experiences among experts and professionals engaged in academic, business, governmental and international organizations.

More than twenty designated speakers will exchange their points of view, focus on the future of natural gas in industrial usage, its applications, pricing, taxation and future challenges.

Also, HAEE will make its first presentation of a report titled “Excise Duty on Natural Gas when used as Feedstock”, written by the association’s research associates.