Energy Min.: Up to 6 billion will be recovered in 12 months from electricity production added revenues

The Minister of Environment and Energy, Costas Skrekas, estimated the amount that the State will recover within 12 months from the additional revenues of the energy companies due to the very high electricity prices at 6 billion euros.

Mr. Skrekas, during the discussion of the bill on the licensing process of Renewable Energy Sources today in Parliamentary Production and Trade Committee, noted that these proceeds will go toward supporting the electricity bills of households and businesses, especially SMEs.

It is noted that ruling New Democracy party was in favor of the bill. SYRIZA and PASOK-KINAL declared a reservation for the plenary session. The KKE, the Hellenic Solution and the MERA25 voted against.

Necessity to increase RES

The Minister of Environment and Energy referred to the need to increase the participation of RES in the country’s electricity mix, highlighting that for every 1,000 megawatts of new RES that enter the system at current prices, the state saves 300 to 400 million euros from gas imports.

As the opposition had earlier accused the government that the bill it is promoting does not provide an answer to the main issues of the transition to green energy, Mr. Skrekas replied that when SYRIZA was in power, the rate of penetration of RES in the country’s electricity system was only 1 / of what it is today.

“Our goal is from 2030, 2035 onwards, to be net exporters of green electricity and we will achieve that,” stated Mr. Skrekas.