Greek Regulatory Authority for Energy significantly lowered the burden on electricity energy suppliers from the imposition of a special duty to fund renewable energy sources in the country.
The duty was imposed based on the estimate that the purchase price in the wholesale market would be significantly higher if the contribution from renewable sources did not exit. With this charge, suppliers compensate renewable energy sources for their contribution. However, during the first implementation of this action, significant cost burdens were recorded on suppliers and particularly Public Power Corporation which covers 90 pct of the market.
The decision taken by the Regulatory Authority for Energy sets a ceiling of 15 euros/MWh on the basis of calculating the fee, significantly lower from an existing 40 euros/MWh. The decision has a retroactive validity of October 2016 and will be reviewed again in June 2017.