Demands of energy-intensive industries

Greece's energy-intensive industries are exposed to wholesale market fluctuations, as the formula has not yet been found to ensure competitive electricity costs without threatening the system regarding the ceiling on producers' income, which collects money for subsidies of domestic tariffs.

Since January 1, nine factories in the country, namely six belonging to the Viohalco Group, two of AGET and the factory of paper producer MEL, whose contracts with Public Power Corporation have expired, are supplied with electricity at the wholesale market price, which due to low demand and high production from renewables is on the path of de-escalation and currently stands at 151.49 euros per megawatt-hour.

In June, Titan Cement's contract expires, and at year-end that of Aluminium of Greece. The company's negotiations with PPC for the signing of new contracts, which had started...