Gov’t plans to slash energy costs for all businesses

The authorities is seeking measures to trim vigor costs for each businesses, and not conscionable the energy-intensive ones.

As was established astatine Monday’s meeting, chaired by Deputy Prime Minister Kostis Hatzidakis, the authorities remains oriented towards the connection of the Hellenic Federation of Enterprises (SEV), adopting a mechanics to trim vigor costs for energy-intensive industry, akin to the 1 implemented by Italy. It will, however, analyse it successful narration to the scope for reducing vigor costs successful businesses of each sectors and successful the discourse of a much broad involution to trim vigor costs.

The authorities ministers made that wide to the SEV representatives astatine the gathering connected Monday. The gathering highlighted the steps taken by the authorities to day to amended the competitiveness of the industry, including the simplification of firm profits and κοινωνικά information contributions, the simplification of licensing, and the interventions that person been made to incorporate vigor costs.

It was agreed that further actions should beryllium taken successful this absorption and it was decided to clasp caller meetings betwixt the two sides.

The connection presented by SEV astatine the gathering is an adaptation of the “Italian model” approved by the European Commission. The connection is adjusted to the information of the Greek energy marketplace and is based connected a study by Grant Thornton.

The projected support strategy does not interest subsidies, but a type of “energy loan”. Renewable vigor manager DAPEEP will connection energy-intensive companies astir 7.4 terawatt-hours per year for three years astatine a terms of 55 euros/megawatt-hour and the benefiting companies will successful instrumentality concern the operation of caller RES projects to instrumentality twice the magnitude of vigor implicit a play of 20 years.

The measurement with the projected title “Energy Industrial Reset” is estimated to interest astir 60 energy-intensive companies and will outgo astir €260 cardinal per year implicit the three years, while it will support the improvement of caller RES projects with a total capableness of astir 1.3 gigawatts. The repayment of the vigor loan, according to the SEV proposal, does not represent a state assistance issue, arsenic the Commission has ruled successful the lawsuit of Italy.