The Administrator of the Greek Electricity Distribution Network Operator (HEDNO), responsible for monitoring the Special Account Services of General Interest (SGI) utilities, reports a widening of the deficit as of April 2023.
According to the latest data, the deficit for the period from April to October 2023 has reached 230 million euros, and estimates suggest that it is expected to rise to 310 million euros by the end of the 12-month period. The deficit, according to information, has been created both due to the fall in energy prices and, on the other hand, due to increased demand for electrical energy.
According to the latest law of 2022, the HEDNO, which oversees the financial flows of Services of General Interest (SGI) utilities, is obligated to inform the Regulatory Authority for Energy Waste and Water as well as the Ministry of Environment and Energy when it identifies a deficit in the account.
Information suggests that the Administrator has recorded a deficit in its report which must be covered either by an increase in charges by Services of General Interest (SGI) utilities or through funding from the state budget.
The Regulatory Authority for Energy Waste and Water has also provided an opinion to the Ministry of Environment and Energy, suggesting covering the deficit from the state budget. It now depends on the government’s decisions on how to address the black hole, which essentially burdens electricity providers at this stage.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Deadline for Postal Vote Registration Expires on Mon.
More than 157,000 Greek citizens had registered on the relevant online platform so far
Orthodox Palm Sunday Today; Shops Open in Greater Athens-Piraeus Area
Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5)
Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
