ENERGY

Industrial firms reject the changes proposed by PPC in relation to the abolition of the special price for the night tariff - a measure weighing particularly hard on steel and cement companies.

By analyzing in depth the profile of debtors (when they stopped paying, how often they paid in the past, etc.) and details concerning the size and value of their property, PPC and Qualco categorized debtors into more than 50 groups, offering to each category specific solutions and strategies for debt repayment.

According to the data so far, such a mechanism should be created in a way that will be transparent and fully compatible with the requirements of the EU, and could be put into operation by 2022. The broader objective of the ministry is for electricity prices for industry, and other productive sectors, to reach levels seen in other corresponding European markets.

The lack of a regulatory framework in Greece is holding back investments in floating PV plants. Germany’s BayWa, which has installed some of the largest floating PV plants in Europe, is one of the companies that are looking at the Greek market with interest. In comments to Business Daily, Philipp Kunze, responsible for the development of projects in Greece of BayWa, emphasizes that the company is examining very closely the opportunities in the Greek market.

IPTO's medium-term plans target new international electrical interconnections, new upgrade projects of the National Transmission System at High (150 kV) and Ultra High Voltage (400 kV) and improving the reliability of the network to boost credibility under the weight of growing RES penetration. The investment blueprint includes proposals for pilot projects for electricity storage on the islands and the mainland.

Shares of Terna Energy and Mytilineos are showing gains of 45% for the first half of the year, due to restructuring initiatives and ESG investments.

According to sources, the business groups stated that they are open to dialogue, but stressed that they cannot take place before the ministry announces initial thoughts and proposals, along with data and studies on which it is basing its decisions on, ie reports from the Energy Regulatory Authority and the Manager of Renewable Energy Sources and Guarantees (DAPEEP).

As critics focus on Hatzidakis, while the controversy continues on who will pay the bill, the question is whether the issue has reached the prime minister’s office. At the moment, this has not been the case.

850 million euros will be spent on upgrading private homes and an additional 500 million euros will go towards upgrading public buildings.

It is very difficult to find any other investment that would provide such a speedy and large return on money invested by shareholders.