Friday May 22, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Renewable energy levy soars 118 pct

Consumers are bracing for a fresh hike in electricity bills after the Regulatory Authority for Energy (RAE) announced on Saturday that the levy for power production from renewable energy sources, payable by every consumer, will go up by 54 euros per household per year.

The average level of the RES levy is will climb from 9.3 euros per megawatt/hour in the first half of the year to 14.96 euros/MWh, which constitutes an average increase of 60 percent. For average household consumers (of 400 KWh per month), the hike will be from 9.53 to 20.80 euros/MWh, i.e. an increase of 118 percent. In contrast, industries who get their power from the high-voltage network will see a reduction in the levy they pay.

RAE claims that the adjustment of the RES levy arises from problems in the process of incorporating various RES technologies in the countrys energy system and mostly the huge penetration of photovoltaic systems. It does, however, also call on all parties involved in drafting rates and regulations to find alternative solutions that will not further burden consumers.

Energy Ministry sources say that the average cost of RES production is two-and-a-half times higher than from conventional sources.

ekathimerini.com , Sunday Jul 21, 2013 (20:58)  
Car sales drop a gear on VAT rate uncertainty
Bulk of loan requests comes from food service
Greek yields climb after Riga summit
Georgios Michelis said to be next HFSF chief
Deal no closer following PMs meetings in Riga
Athens believes that Greece could still clinch an agreement with its lenders but probably at the start of June, rather than by the end of this month as it had previously hoped, following the...
Greece to back NATO-led campaign against ISIS, Kammenos says
Greece will join the United States and other NATO members in efforts to defeat militants of Islamic State (ISIS), an issue which is expected to be discussed in the summit of the transatlanti...
Inside News
SOCCER
Greece escapes soccer suspension, FIFA happy with changes
FIFA says it is satisfied with changes made to sporting law in Greece, and has dropped a threat to suspend the country from international competition. In a letter to the government dated May...
SOCCER
Four-goal Panathinaikos thrashes Asteras away
Panathinaikos thrashed Asteras at Tripoli to gain an early advantage in the race for a spot in next seasons Champions League qualifiers, as the Super League play-offs got under way on Wedne...
Inside Sports
EDITORIAL
Consensus is key
The education bill that has been put forward by Greeces leftist-led government has to be the subject of extensive public consultation. Even more importantly, it needs to be approved in Parl...
COMMENTARY
The other inequality: how the state spends our money
Growing inequality between rich and poor across the world has rightly become the focus of much investigation and analysis. The Organization for Economic Cooperation and Development underline...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Deal no closer following PMs meetings in Riga
2. Greece to back NATO-led campaign against ISIS, Kammenos says
3. SYRIZA, ND waver over agreement
4. Nearly 800 irregular migrants detained as EU mulls refugee relocation plan
5. Car sales drop a gear on VAT rate uncertainty
6. Bulk of loan requests comes from food service
more news
Today
This Week
1. Merkel stamps out brief optimism on Greece after Tsipras talks
2. Lessons from Israels tech miracle
3. Tsipras to meet Juncker on second day of Riga summit
4. Civil aviation staff to hold walkout on holiday weekend
5. Banks will be asked to revise their restructuring plans
6. EOPYY struggles for funding, sees overdue debt rise
Today
This Week
1. The Greek-German breakthrough that didnt come
2. Phony dilemma
3. Conspiracy madness
4. Greece came close to not paying IMF
5. National self-awareness put to the test
6. Albanian demarche raises concerns about possible territorial claims over Greece
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.