ENERGY

sharing-load-of-power-rate-hike
ENERGY

The Regulatory Authority for Energy (RAE) is considering spreading the risk from the major fluctuation in wholesale electricity market rates in a bid to avoid placing an excessive load on the final consumer in the form of power rate hikes.


terna-and-motor-oil-to-build-plant
BUSINESS

The agreement between Motor Oil and GEK Terna for the joint construction and operation of a new combined-cycle power plant using natural gas changes the landscape of the energy market.

new-gas-fired-plant-points-to-alliances
ENERGY

Natural gas, through its role as a bridge fuel between lignite and renewable energy sources, constitutes a field of competition as well as a starting point for new business alliances that will determine the energy map.

nymfaio-wind-farm-plans-meet-with-opposition
NEWS

Residents and eco-groups in Florina, northern Greece, are calling on the Environment Ministry to put a stop to plans for wind farms in Nymfaio, saying that licensing procedures overlook the area’s ecological importance and the impact energy development would have on endangered animal species.


autumn-tender-for-res-power-storage-batteries
ECONOMY

Greece plans to invite investors to build batteries for renewable energy power, with a total storage capacity of 700 megawatts, later this year, Energy Minister Kostas Skrekas said late on Tuesday.

A new electric car charging station in Astypalea, on Wednesday, June 2, 2021.[Alexandros Vlachos/ANA-MPA]
ECONOMY

Deputy Minister for Economic Diplomacy & Openness Kostas Fragogiannis raised the significance of green development for the future of Greece’s economy at the 5th German-Hellenic Economic Forum, held online this week.




crete-peloponnese-link-sends-positive-signals-to-markets
ECONOMY

The completion of the electricity interconnection between the Peloponnese and the island of Crete sends a positive signal to both the Greek and international markets about the Independent Power Transmission System Operator ADMIE, said the company’s deputy chairman, Ioannis Margaris.

public-power-corporation-announces-profits
ECONOMY

Public Power Corporation said on Thursday its operating profit totaled 225.6 million euros in the first quarter of 2021, on a repeated basis, from €182 million in the same period in 2020.


hellenic-petroleum-ebitda-reached-e176-million-in-q1
ECONOMY

The Hellenic Petroleum Group on Thursday said its earnings before interest, taxes, depreciation and amortization (EBITDA) totaled 176 million euros in the first quarter of 2021, while net income was €90 million.

astypalaia-is-turning-green
ENERGY

The Dodecanese island of Astypalaia is preparing for the launch of its electric mobility program, titled “Astypalaia 4.0,” on June 2 by Prime Minister Kyriakos Mitsotakis and six ministers, along with officials from Volkswagen.