The energy ministry plans to merge the RES special account’s two sub-accounts, bringing together old projects, activated up until January 1, 2021 and new projects, activated thereafter, into a single account.
Ending the financial independence of the two sub-accounts promises to automatically improve the RES special account’s balance, regardless of the impact and outcome of a price cap of 85 euros per MWh imposed on RES units.
The RES special account registered an overall deficit of 109.79 million euros for September. On the contrary, the sub-account for new projects posted a surplus of 72.86 million euros. Unification of the two sub-accounts would reduce the overall deficit to 36.93 million euros.
The energy ministry’s leadership discussed its plan to unite the two sub-accounts at a meeting earlier this week with SPEF, the Hellenic Association of Photovoltaic Energy Producers, which took an initiative urging the ministry to do so in a letter forwarded in September.
The association reiterated its request at this week’s meeting with top-ranked energy ministry officials.