Greek nod for interconnector with Cyprus

Greece's Regulatory Authority for Energy (RAAEY) has made a significant decision regarding the methodology for calculating the regulated revenue of the Greece-Cyprus electricity interconnection project, marking a crucial step toward finalizing the regulatory framework for the Great Sea Interconnector (GSI) project.

According to a briefing from Greek grid manager ADMIE, that is the project's implementing body, on July 11, the agency's leadership will present the complete GSI cost-benefit study to Cyprus' minister of energy, commerce and industry. Key conclusions from this study were initially shared with Cypriot authorities in early June.

The Greek regulatory authority's decision acknowledges the necessity to commence revenue payments from the project's construction phase, aligning with a similar decision by Cyprus' regulatory authority (CERA) in the summer of 2023...