Interministerial meeting at Maximou on energy costs – Support for industry, cheaper electricity for households

The authorities is attempting a strategical involution connected the contented of energy costs, with an inter-ministerial gathering taking spot contiguous astatine the Maximou Mansion with the information of Vice President Kostis Hatzidakis and Economy Ministers Kyriacos Pierrakakis, Development Takis Theodorikakos, and Energy and Environment Stavros Papastavrou.

The authorities faces a treble gamble: to enactment manufacture that has consistently complained successful caller years astir higher vigor prices against European industries and calls for predictability successful vigor costs, and to support consumers from caller charges connected energy bills that whitethorn look successful the retail marketplace up of winter.

According to reports, and pursuing successive unit from the energy-intensive manufacture calling for enactment for the country’s productive core, the authorities appears to beryllium acquiescing to the implementation of a caller mechanics aimed chiefly astatine concern production, portion besides focusing connected retail tariffs affecting millions of households.

The caller enactment model

The mechanism being considered for industry is based connected the Italian Energy Release 2.0 scheme. It envisages that ample industries volition unafraid renewable energy astatine a fixed terms for 3 years done the Renewable Energy Support Operator (RES Support Operator). In return, companies volition perpetrate to instrumentality oregon concern caller renewable vigor projects, and volition instrumentality an equivalent magnitude of vigor implicit 20 years astatine the aforesaid pricing.

In this way, it is estimated by the marketplace that astir 60 energy-intensive plants consuming 6 TWh per twelvemonth volition summation a unchangeable operating framework. The costs for the archetypal 3 years are not expected to transcend EUR 250 million, portion the home manufacture is calling for the measurement to beryllium applied retroactively from July 2025, erstwhile a mechanics was approved by the Commission.