ECONOMY

Industries protest over delays in drop of energy costs

Energy-intensive industries on Friday protested a delay in measures announced a couple of months ago for reducing energy costs and for ironing out the electricity market distortions that significantly jack up the price of each kilowatt/hour of power.

“Albeit limited and insufficient to stop the recession, those measures would offer some relief to the suffering Greek industry,” the Hellenic Union of Industrial Consumers of Energy (EBIKEN) said in a letter addressed to the government.

Although not listed one by one, EBIKEN deplores the obstacles to the implementation of measures such as a decision by state privatization fund TAIPED against Public Gas Corporation (DEPA) reducing natural gas rates by 12 percent, and the Regulatory Authority for Energy’s refusal to allow Public Power Corporation to approve of discounts of 14 to 18 percent for 80 high-consumption industries.