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.
Latest News
Reuters: Greece to Repay More Bailout Loans Ahead of Maturity in 2023
The country has relied solely on international markets for its borrowing needs since a third institutional bailout ended in 2018
Ag Min. Avgenakis: Greece-China Cooperation in Research, Education in Agri-Food Sector
Greek minister tours cutting-edge hydroponics and robotics facilities at the Chinese Academy of Agricultural Sciences in Beijing
Mini Holiday Season in Greece for Upcoming Orthodox Easter
Occupancy rates reach up to 90% domestically for accommodations open ahead of peak summer season
Greek PM Mitsotakis Says Fight Against Inflation Ongoing
The Premier made statement during a visit an an open vegetable market
Unpaid Taxes in Greece Reach 1.539bln Euros
As the figures revealed the number of debtors totaled 3,878,712 individuals and legal entities.
ELSTAT: Greek Primary Surplus Reaches 1.9% of GDP in 2023
Greek debt saw a slight dip to 356.7 billion euros by the end of 2023, down from 356.8 billion euros a year prior
Study: Greece in Top 5 Hotel Investments in Europe
As previously reported by OT, more than 60 hotel projects are set to be developed in Greece over the next four years
GEOAXIS Report: Office Rents Surge by 40% in Ten-Year Span
Geoaxis estimates that the different dynamics in the office market will continue into 2024/2025, predicting stability for older offices, increased demand for renovated spaces, and a slowdown in the rise of rents for modern, green offices
Greece: ‘Godparents’ Basket’ Debuts Today
As part of the program, Greek retailers are obliged to identify the lowest prices of certain categories of products traditionally purchased as Easter gifts by godparents for their godchildren between April 22 until May 4
Brain Waste in Greece: 22.74% of Migrants Overqualified for Jobs
Almost half of all college-educated migrants in Europe are overqualified for their jobs and twice as likely as natives to be unemployed, according to Lighthouse Reports