Monday April 27, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Industialists press issue of Greece’s high energy costs

By Chryssa Liaggou

At a meeting with Prime Minister Antonis Samaras last week, the Hellenic Federation of Enterprises’ (SEV) new board reportedly focused on the pressing issue of industrial policy and energy costs. A ministerial meeting on the matter followed on Thursday and the two developments indicate that SEV is determined to tackle high energy costs and their repercussions on the country’s industrial competitiveness in a systematic manner.

The federation’s new president, Theodoros Fessas, has had to reconcile conflicting views and interests among SEV members on the issue of energy costs, as SEV represents the big industrial power consumers, the independent electricity producers and the Public Power Corporation (PPC) itself at the same time. The first round of contacts with the prime minister and the responsible ministers opened with an agenda focused mainly on the implementation of measures that the government had already announced in February and did not carry the risk of internal conflicts.

SEV is pressing the argument that drastically reducing Greek power and natural gas costs down to the average European level is a key condition for the survival of Greek industry. The government has delayed its response in order to figure out how not to get tripped up by European competition regulations.

SEV has also asked that the Public Gas Corporation (DEPA) returns to enterprises profits of 50 million euros which the government promised in February. However, the European Commission has presented Athens with a host of questions aiming to clarify whether the reimbursement constitutes state aid.

According to SEV, when announced, the government’s plan did not take into account Community legislation and was based on assumptions that risked its rejection. To everyone’s surprise, Development Minister Nikos Dendias even announced after the ministerial meeting that the government would proceed to implement the two measures, ignoring the EU.

SEV also pressed ministers on the issue of reducing taxation on natural gas consumed by industry and power production which is tenfold the minimum level allowed in Europe. Another issue was that of various surcharges which industry pays through electricity bills.

ekathimerini.com , Wednesday August 6, 2014 (21:27)  
European shares fall, Greek concerns weigh
Greek yields rise after creditors give Athens cold shoulder
ECB seen going all the way on QE as economists doubt taper
Pensions will not be cut, insists social insurance chief
Anastasiades says Akinci win raises hopes for reunification
Greek Cypriots welcomed the election of a moderate Turkish Cypriot leader in northern Cyprus on Monday, saying they anticipated a swift resumption of stalled peace talks. Turkish Cypriot ind...
Berlin silent on content of Merkel-Tsipras chat amid claims of ´dramatic´ situation
A German government spokesman confirmed on Monday that Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras had a telephone conversation on Sunday but declined to comment on the ...
Inside News
SOCCER
Panathinaikos beats Xanthi to rise to second
Panathinaikos jumped back up to the second spot of the Super League after its home win over Xanthi on Saturday, as PAOK slumped to third due to its draw at home with PAS Giannina on Sunday. ...
WATER POLO
Olympiakos wins Euro crown in women´s water polo
The women’s water polo team of Olympiakos won its first ever LEN Euro League at the Final Four it hosted in Piraeus by beating holder Sabadell from Spain 10-9 in Saturday’s final. After defe...
Inside Sports
ANALYSIS
If Greece falls, no one wants their prints on the murder weapon
«We're going bust.» «No, you're not.» «You're strangling us.» «No we're not.» «You owe us for World War Two.» «We gave already." The game of chicken between Greece and its international cred...
COMMENTARY
Reaching crunch time
Several cabinet ministers and MPs are no longer hiding it: They either openly admit that they are promoting the drachma or they murmur things like, “Why not the drachma?” Some go even furthe...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Anastasiades says Akinci win raises hopes for reunification
2. European shares fall, Greek concerns weigh
3. Greek yields rise after creditors give Athens cold shoulder
4. Berlin silent on content of Merkel-Tsipras chat amid claims of ´dramatic´ situation
5. Two Greeks in quake-stricken Nepal reported safe
6. ECB seen going all the way on QE as economists doubt taper
more news
Today
This Week
1. Greece’s day of reckoning inches closer as debt payments loom
2. Pensions will not be cut, insists social insurance chief
3. Anastasiades, Akinci speak and look towards fresh push in peace talks
4. ECB seen going all the way on QE as economists doubt taper
5. Berlin silent on content of Merkel-Tsipras chat amid claims of 'dramatic' situation
6. Two Greeks in quake-stricken Nepal reported safe
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Europe's collision course with Greece
3. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
4. Leaving the past in the past
5. Denialism
6. The price of compromise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.